GBPUSD: Remains Under Selling Pressure Amid Feds Hawkish Stance.

↪️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👍✅