GBPUSD: Remains Under Selling Pressure Amid Feds Hawkish Stance.

FX:GBPUSD   British Pound / U.S. Dollar
↪️GBPUSD is currently engaged in a prolonged period of downward movement, adhering to a descending channel pattern. The currency pair remains in a defensive position below the mid-1.2200s during the Asian session on Monday. The crucial support level to monitor is the channel's support at 1.2200 & that of a horizontal support. Looking further downwards, the next destination for GBPUSD is situated at 1.2178 (a low recorded on March 28). At this point, I anticipate a bullish rebound towards the resistance level above...Trade safely👍✅

Join our Telegram channel for daily market update 👇👇

For paid signal👇👇

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.