Forex technical analysis: GBPUSD tests retracement

61.8% of the move down from August trading range
We are in September, but the GBPUSD is testing the move down in August. That move took the price from a high of 1.32673 to the low at 1.27728. The 61.8% retracement of that move comes in at 1.30784 and that level is currently being tested.