I wrote yesterday that “the GBPUSD is in no man’s land between 1.4990 and 1.4090. Based on the EURUSD count, which is much clearer, strength seems more probable at this point. 1.4340-1.44 is support from Fibonacci. Look to position long in this zone against 1.4148, for an eventual break above 1.4665.” The support zone defined by the 61.8% and 78.6% of 1.4148-1.4665 at 1.4257-1.4343 should provide demand.
