With the 4H 200MA and a falling trend-line since June 25 limiting the GBP/USD pair’s near-term upside, the quote witnesses pullback to 1.2245 during Friday’s Asian session.
As a result, prices are likely to visit 23.6% Fibonacci retracement of June-August downpour, at 1.2200 whereas 1.2180 and a nine-day long descending support-line at 1.2080 will be crucial to watch afterward.
Donne
