GBPUSD's decline has not stopped yet
Updated
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On the 4-hour chart, the downward trend continues. After losing the upward momentum from the 1.221 level, GBPUSD has continued its decline. With the market appearing to be unfavorable and the tightening of Fed policies, GU has depreciated.
The next target for further decline is seen at the 1.2000 level, which is a strong psychological barrier. Significant stop-loss levels will accumulate below this number, and if triggered, the downward slide could accelerate towards the 1.1900 level.
On the 4-hour chart, the downward trend continues. After losing the upward momentum from the 1.221 level, GBPUSD has continued its decline. With the market appearing to be unfavorable and the tightening of Fed policies, GU has depreciated.
The next target for further decline is seen at the 1.2000 level, which is a strong psychological barrier. Significant stop-loss levels will accumulate below this number, and if triggered, the downward slide could accelerate towards the 1.1900 level.
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