British pound continues to fall, but…
Can the 61.8 fibo return stop the pound weakening for a while? This is important technical level for the GBP/USD pair and if this support breaks, pound could continue to fall furder toward 1.5000/1.4800! This is not only 61.8 fibo, this level was previous strong weekly reststnace level from begining of July 2013, just before the July 2013. –> June 2014.
Read more