Hello everyone, are you curious about the future trajectory of GBPUSD?
At the moment, this currency pair is progressing rather sluggishly, exhibiting limited fluctuations. Nonetheless, a downward trend still seems to prevail. Currently trading at the 1.2727 mark, the outlook suggests a potential for further decline, especially when considering the convergence of the EMA 34, 89, and ongoing resistance zones as highlighted on the chart.
Moreover, the US Dollar's recent strength continues to cast a shadow over investor sentiment, compelling continuous sales of this pair.
At the moment, this currency pair is progressing rather sluggishly, exhibiting limited fluctuations. Nonetheless, a downward trend still seems to prevail. Currently trading at the 1.2727 mark, the outlook suggests a potential for further decline, especially when considering the convergence of the EMA 34, 89, and ongoing resistance zones as highlighted on the chart.
Moreover, the US Dollar's recent strength continues to cast a shadow over investor sentiment, compelling continuous sales of this pair.
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