GBPUSD Nov 25
2019-11-25 14:34:33
From a technical point of view, the pair is neutral-to-bearish with chances of additional declines increasing if it breaks below 1.2768, November low. The daily chart shows that the pair is just above the 23.6% retracement of its October rally, an area that provided support in the last few weeks. The same chart shows that the pair has settled below a flat 20 DMA, while the 100 DMA converges with the next Fibonacci support at around 1.2700.