Daily euro to pound (EUR/GBP) Fibonacci retracement for October 4, 2022

Published by
Raynor de Best,
Oct 20, 2022
The pound's decline in September 2022 led the EUR/GBP rate to end above a 61.8 percent 50-day Fibonacci. Fibonacci - based off the famous infinite math sequence from 13-century Italy - is a metric often used in FX trading to find key levels of support and resistance. Essentially, the sequence potentially reveals thresholds on which traders can buy or sell assets and are often set as profit targets. When these retracements are met, traders will act.

Euro (EUR) to British pound sterling (GBP) Fibonacci retracement as of October 4, 2022

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Sources

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Release date

October 2022

Region

United Kingdom, EU

Survey time period

October 4, 2022

Special properties

Close price; Fibonacci based on previous 50 days, and downward sequence

Supplementary notes

Figures have been rounded.

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Statistics on " British Pound Sterling (GBP) "

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Statistics on British Pound Sterling (GBP)

Pound to dollar

3

Euro to pound

3

Pound to Swiss franc

3

Pound to yen

3

GDP and expenditure

4

Monetary policy

4

Prices

4

(Un)employment and wages

3

Manufacturing and retail

3

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Topics

British pound sterling (GBP)Inflation in EuropeThe UK economyThe Euro currency
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