GBP/USD Analysis


Let’s take a look at the GBP/USD hourly chart.

The underlying trend remains potentially bullish and we just hit the 38.2% Fibo retracement level from the last movement up.

On the shorter term, look for potential movement down and once, it completes, look for the upward trend to continue – watch Fibonacci levels.

Good luck with trading and be sure to apply your money management and utilize your stops.