GBPUSD calms down a bit after 50% retracement target tested - ConsultFX

GBPUSD calms down a bit after 50% retracement target tested

50% at 1.3011. High reached 1.3007 and seeing some stall The GBPUSD moved above the 1.2931-35 highs from last and this week, and also above a trend line that cut across in that area on the daily chart. You can add the 38.2% retracement as well (see daily chart below)