GBP/USD should be returning back to previous low.

GBP/USD retraced back to the 50% mark after hitting a fresh low which has not been hit since 2008. We are expecting the price to return back to the low of 1.408.
The current resistance is the 23.6% fib line at 1.434 and the support at the 0% line.
Please see plusfxtrading.com for more in depth analysis.