There might be a chance to catch the GBP/USD selloff at a better price today as the pair appears to be retracing to the 38.2% Fibonacci level on the 4-hour time frame. There might be a chance to catch the GBP/USD selloff at a better price today as the pair appears to be retracing to the 38.2% Fibonacci level on the 4-hour time frame. On a longer-term chart, the pair has already broken down from a significant level of support at 1.5350 and appears to be headed further south. Stochastic is deep in the overbought region in the 4-hour chart, which suggests that the pullback could be over soon. In addition, the 38.2% ... (full story)