"GBPUSD: Up or Down?
Updated
Hello everyone, I'm excited to continue our discussion about GBPUSD today.
As the trading session opened on Monday, GBPUSD continues its upward trend on the 4-hour chart, currently priced at 1.271. The British Pound's rise against the US Dollar could be attributed to the current market sentiment favoring risk, which has been driving its increase in recent days.
However, there are still potential risks for further declines in GBPUSD, as it remains constrained within a long-term downtrend and the Trendline has not yet been broken.
What do you think, will GBPUSD continue to decline? Share your thoughts with Karina!
As the trading session opened on Monday, GBPUSD continues its upward trend on the 4-hour chart, currently priced at 1.271. The British Pound's rise against the US Dollar could be attributed to the current market sentiment favoring risk, which has been driving its increase in recent days.
However, there are still potential risks for further declines in GBPUSD, as it remains constrained within a long-term downtrend and the Trendline has not yet been broken.
What do you think, will GBPUSD continue to decline? Share your thoughts with Karina!
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