# GBP/USD Break and Retest (May 9, 2014) Source: https://www.tradersway.com/resources/market-info/gbp-usd-break-and-retest-may-9-2014/ Language: en Updated: 2014-05-09 Description: Explore GBP/USD Break and Retest (May 9, 2014). After making a. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. After making a strong break past the 1.6800 major psychological resistance earlier in the week, GBP/USD might need to make a quick pullback before pushing for more gains. After all, the BOE interest rate decision turned out to be a non-event, with traders waiting for the minutes of the meeting before pushing the pair much higher. The Fibonacci retracement tool applied to the recent swing low and high on the 4-hour chart shows that the 38.2% level lines up with an area of interest. However, the pullback might be too shallow to reach this area since stochastic is already indicating oversold conditions. ![GBP/USD Break and Retest (May 9, 2014)] A bounce off 1.6800 could lead to a rally back to 1.7000 if UK reports continue to come in strong. Going long at 1.6800 with a stop below the 61.8% Fib and a target of 1.7050 could mean a 2:1 return on risk. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/gbp-usd-break-and-retest-may-9-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/gbp-usd-break-and-retest-may-9-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/gbp-usd-break-and-retest-may-9-2014/", "headline": "GBP/USD Break and Retest (May 9, 2014)", "inLanguage": "en", "datePublished": "2014-05-09T11:05:14+00:00", "dateModified": "2014-05-09T11:05:14+00:00", "articleSection": "Market Info", "description": "Explore GBP/USD Break and Retest (May 9, 2014). After making a. 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