British Pound / U.S. Dollar
Short
Updated

GBPUSD

5694
Hello Traders! 👋
What are your thoughts on GBPUSD?

This currency pair has been moving within an ascending channel, but after reaching the channel’s upper boundary, we saw a bearish reaction and price reversal.
Currently, the price has also broken below the support zone.
We expect that after a pullback to the broken level, the price will drop further, at least to the next identified support level.

What’s your outlook on this pair’s next move? Do you expect further downside?

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