GBP/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/USD on the 4H chart is in a clear downtrend within a descending channel. Price is near key support at 1.34585 if it breaks, the next target is around 1.3300. The SMA(60) is above price, acting as resistance, and RSI is 35, showing bearish momentum but not yet oversold.



Overall, the trend is downward, with possible short-term pullbacks if support holds.

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