GBP/USD has started to reverse lower once again this morning, with the risk-off sentiment driving this pair back below the $1.3584 level. Coming off the back of a move that saw the pair rise up through the 61.8% Fibonacci resistance level, we are now seeing the bears back in charge.
(Source: EUR/USD, GBP/USD and AUD/USD roll over after latest retracements | Levels to Watch | IG Bank Switzerland)