It is clear that the pair has been suffering a long fall since the 16th of Sept.

The Fibo retracement looks promising and further fall is unlikely without a retracement first at least where the blue arrow indicates.

No significant news/reports for the GBP or the USD to push the pair further down are scheduled so probability of upward retracement is on our side.

Chart PatternsGBPUSDTechnical IndicatorsretracemetTrend Analysis

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