The British Pound (GBP) has demonstrated a notable recovery in recent trading sessions, regaining some upside momentum on Friday. Despite this rebound, The GBP/USD pair's technical setup suggests that a rally towards the 1.3400 psychological level is necessary before any further drop. The pair's ability to breach this level will likely determine its short-term trajectory, with a successful break above paving the way for further gains and a failure to break above potentially leading to renewed selling pressure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.