GBPUSD: The End of the Fall?

GBPUSD, Daily

In the Daily timeframe, GBPUSD reached 61.8 Fibonacci after a rapid fall. The price crossed the MA200 and the lower Bollinger line, while CCI indicates a large oversold.

• A drop below the 1.2730 support will drop the price even lower to 1.2620;

• A rebound from support will return GBPUSD to 1.2870, and if the correction continues to 1.3000;