…but last fall stalls ahead of 1.2900 level
The GBPUSD is lower on the day, but it sure has had it’s share of ups and downs which might make traders wary.
The pair stumbled lower in the Asian session and the fall sent the pair to the 38.2% of the move up from the April 21 low (see chart above) at the 1.28844 level. The rebound off that level was quick and took the price up to 1.2937.