GBP/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The GBP/USD hourly chart exhibits a dominant bearish trend characterized by a well-defined descending channel and price action sustained below the downward-sloping 60-period SMA. The pair is currently pressuring the psychological 1.3500 level; a decisive break below this support, and the immediate horizontal floor at 1.34952, suggests a continuation toward the next major structural target at 1.34330. Conversely, any upside remains capped by dynamic resistance at the SMA and the upper channel boundary near 1.35150, meaning the technical outlook remains firmly negative until the price can establish a higher high above these descending constraints.



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