BREAKING: GBPUSD plunges nearly 1%

GBPUSD continues yesterday's downward move started after Truss resigned as prime minister. In the last hour, we observe a slight recovery, but it may be irrelevant, taking into account the technical situation. Earlier, there was a break below the neckline of the potential head and shoulder formation, the range of which indicates a descent to around 1.09, which coincides with 50.0 Fibonacci retracement of the last upward wave.

Source: xStation5

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