GBP/USD bears eye a 50% mean reversion if not the 61.8%ratio.
The 4-hour W-formation neckline support has a confluence with the 78.6% Fibonacci.
GBP/USD ended at around 1.2840 on Friday after reaching its lowest level since July 6 while investors remain concerned that the hawks will continue to circle over the Federal Reserve following the release of stronger-than-expected second-quarter Gross Domestic Product data from the US.
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