Market is unsure….
The GBPUSD price action is up and down choppy today. Is that all surprising? Probably not. Remember yesterday, the price continued to fall, BUT stalled right against the 50% of the move up from the October 25th low at 1.23774. The low reached 1.2379. That level also corresponded with might end up being a neckline trend line for a head and shoulders formation.