The GBP/USD currency pair at (1D) is trading in a downward correction.
The price found support at 1.2050 (38.2% Fib) and is currently in the 1.2200 area.
If the downward correction continues to develop and the pair consolidates below the level of 1.2050, then the next support will be the area of 1.1730 (50% Fibo).
The nearest resistance is the area of level 1.2460 (MA200).
Created by Joshua Hayn
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