GBPUSD moves below retracement level and runs to the next swing area target. What next? ...Middle East

The GBP/USD has declined in trading today, breaking below the 61.8% retracement level of the move up from the April 2024 low, which sits at 1.2732. Yesterday, the price briefly dipped below this key retracement level before rebounding back upward. However, today’s session has seen renewed selling pressure as the pair failed to hold above this level in the U.S. trading session.In late trading yesterday and early trading today, buyers attempted to defend the retracement level, but ultimately the price fell further, reaching a low near the top of a critical swing area between 1.2656 and 1.2686. This level acted as support, temporarily halting the decline and allowing the price to rise back to a

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GBPUSD moves below retracement level and runs to the next swing area target. What next? ...Middle East

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