GBPUSD Forex Analysis – Downtrend Continuation Pattern Forming

<p>Join Senior
Market Strategist &amp; Trading Mentor Duncan Cooper as he watches price levels
on the <a href="https://acy.com/en/market/gbpusd/" target="_blank" rel="follow">GBPUSD</a> daily and 4-hour
charts.</p><p>Price has
rallied back to the 79% fib retracement level of the daily range.</p><p>1.2745 the 79% fib
retracement level.</p><p>Watching for price
to rally and fail at this intraday resistance level for a further decline
targeting 1.2479 the 127% extension level.</p><p>This content
may have been written by a third party. ACY makes no representation or warranty
and assumes no liability as to the accuracy or completeness of the information
provided, nor any loss arising from any investment based on a recommendation,
forecast or other information supplied by any third-party. This content is
information only, and does not constitute financial, investment or other advice
on which you can rely.</p><p>This article
was written by Duncan Cooper – Senior Market Strategist &amp; Trading Mentor</p>

This article was written by FL Contributors at www.forexlive.com.