Closes near the lows for the week but choppy trading and close not as bearish after holding support
The high for the week in the GBPUSD was in the first bars of the new trading week. In fact, the close on Friday at 1.2595 was never traded. The high price this week was 1.2589. The low was reached on Friday at 1.2301. That was just below the 61.8% at the 1.23077.