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fxJul 1, 2026, 4:13 AM

GBP/USD Slides Below 1.3250 After Failing at 23.6% Fibo

The GBP/USD pair retreated during Asian trading on Wednesday, falling below 1.3250 after failing to breach the 23.6% Fibonacci retracement level near 1.3275.

GBPUSD

The GBP/USD pair slipped during the Asian session on Wednesday, sliding below the 1.3250 mark. The decline came after the pair failed to break through the 23.6% Fibonacci retracement level, which capped upside near the 1.3275 region — a nearly two-week high.

The inability to sustain above that resistance suggests renewed selling pressure. Traders are now watching for further downside moves, with the next support levels likely to be tested.

Source: FXStreet Forex News