GBPUSD is down -1% and tests a key swing area/200 bar MA on the 4-hour chart.

In the prior post on the GBPUSD, I outlined the 38.2% retracement as a downside target for the GBPUSD.
The retracement level came in at 1.3443 and represents the 38.2% retracement of the move up from the May low to the June high.
Read more...