GBP/USD Price Analysis: Poised to challenge the 1.2000 mark
Let's explore the GBPUSD market today with Selena!
Today, GBPUSD decreased by 0.03% to 1.20745 USD, reaching its lowest level in 7 months, compared to the previous session's 1.20535 USD. On the 4-hour chart, the price continues to maintain a downward trend below the 34 and 89 EMA lines.
Although GBPUSD is still moving sideways after the decrease, the downward trend prevails on other time frames. It is evident that if GU breaks free from its current trend and continues its downward movement.
Today, GBPUSD decreased by 0.03% to 1.20745 USD, reaching its lowest level in 7 months, compared to the previous session's 1.20535 USD. On the 4-hour chart, the price continues to maintain a downward trend below the 34 and 89 EMA lines.
Although GBPUSD is still moving sideways after the decrease, the downward trend prevails on other time frames. It is evident that if GU breaks free from its current trend and continues its downward movement.
Comment:
GU continues sideways
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