GBP/USD Rebounds from 0.618 Resistance Arc
The GBP/USD has rebounded from its 0.618 Resistance Arc, according to an analysis of the currency pair's price action.
This development confirms a bearish reaction and opens up the potential for continued downward movement toward the primary target zone at 1.3170.
A sustained close above 1.3250 would invalidate this bearish scenario, however.