GBP/USD. November 7th. Thomas Barkin, Federal Reserve: The next rate decision will be challenging
On the hourly chart, the GBP/USD pair reversed in favor of the US dollar on Monday, returning to the corrective level of 23.6% (1.2321). A bounce from this level will favor the European currency and a resumption of growth towards the Fibonacci level of 38.2% (1.2477). If the pair’s rate solidifies below the 1.2321 level, […]