Technical analyst
16 Jul
16Jul

The GBP/USD pair has witnessed a significant decline in recent trading hours, as the price broke a pivotal technical level, the lower leg of the ascending channel that has been guiding price movement in the recent period. With this technical break, the short-term outlook has become negative, especially if the pair maintains stability below the 1.3435 level, which is the lower limit of the ascending channel, which increases the chances of a continued decline in the coming sessions.

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global-market