GBP/USD: Downtrend Dominates
Aktualisiert
The GBP/USD pair is firmly entrenched in a downtrend, trading near 1.2547. The failure to surpass resistance at 1.2585 underscores bearish sentiment, with selling pressure dominating the market.
Key support lies at 1.2511, acting as a crucial level for short-term moves. A breakdown below this zone could accelerate declines, paving the way toward 1.2450 and potentially lower. Any upward corrections into the resistance range of 1.2560–1.2585 may offer selling opportunities, aligning with the prevailing bearish trend.
For traders, the strategy remains clear: focus on selling rallies while keeping an eye on major support and resistance levels. The bias remains strongly tilted toward the downside unless significant market shifts occur.
Key support lies at 1.2511, acting as a crucial level for short-term moves. A breakdown below this zone could accelerate declines, paving the way toward 1.2450 and potentially lower. Any upward corrections into the resistance range of 1.2560–1.2585 may offer selling opportunities, aligning with the prevailing bearish trend.
For traders, the strategy remains clear: focus on selling rallies while keeping an eye on major support and resistance levels. The bias remains strongly tilted toward the downside unless significant market shifts occur.
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