Technical Analysis: Downtrend in GBP/USD
Overall, GBP/USD is still maintaining a downward trend. This currency pair continued to decline during Wednesday's US trading session.
Based on technical analysis, the Relative Strength Index (RSI) is currently trading around 40, which is often a sign that prices will continue to decline sharply.
In this context, investors need to be cautious and carefully consider their trading decisions, as the downward trend may persist and strengthen in the near future.
Based on technical analysis, the Relative Strength Index (RSI) is currently trading around 40, which is often a sign that prices will continue to decline sharply.
In this context, investors need to be cautious and carefully consider their trading decisions, as the downward trend may persist and strengthen in the near future.
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