Technical Analysis – GBPUSD expected to continue consolidation phase in short-term after September’s decline

GBPUSD has been maintaining a soft bias since peaking at 1.3656. The pair has managed to trade above the key 1.3000 level since declining from the September 20 high and this looks like a strong support level, which if broken would increase downside pressure. The market has mainly been pivoting around the 50% Fibonacci retracement level (1.3215) […]