GBP/USD is currently trading within an ascending channel, showing bullish structure overall. The price is testing support near 1.3529, with potential for a rebound toward 1.3568 and 1.3632 if the structure holds. However, a decisive break below 1.34616 would be a strong bearish signal and could mark a shift in trend direction from bullish to bearish, opening the door for deeper declines. Traders should monitor price action closely around this level for potential trend reversal confirmation.
Disclaimer
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.
Disclaimer
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.