GBP/USD Analysis


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

It seems the general trend remains bullish, however, look for more potential retracement to the downside. Look for the pair to potentially test the 1.6250 target area – which corresponds nicely with the 61.8% Fibonacci level.

After completion, look for a continuation back up.

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