The GBPUSD has fallen relatively quick the last few days.
The Fibo tool is not accurate that's why lines were drawn on the chart.
When the resistance 1.311 on this chart is passed then is possible for the pair to move upwards until the next fibo level (61% of the move , at 0.382 Fibo level ).
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.