GBPUSD currency pair, the Daily chart: is trying to make a breakout at the support level of 1.6540, with this pair continues to form a higher low pattern above this level. It has formed a fractal support level, so it is likely that prices will rebound at current levels and will try to climb to the 200-day moving average. However, prices will remain strong in the bearish trend. The MACD indicator is entering neutral territory. H4 chart: Price is trying to make a breakout at the support level of 1.6553, Because it is very likely that it will to the level of 1.6464, Which would be a strengthening of the bearish trend. The GBP / USD pair has been below the 200-day moving average already. However, it is recommended to place sell orders with caution since the price is overbought. The MACD indicator is entering neutral .
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