The GBP/USD pair has extended its losses for a second consecutive session, trading around 1.3620 during Asian hours on Monday. Analysis indicates that while the pair is under pressure, the overall bullish sentiment remains intact. It appears the pair may find support within an ascending channel.

This behavior suggests that traders need to monitor technical indicators closely. The failure to hold above key moving averages could reignite bearish sentiment, impacting market strategies significantly. Investors should remain vigilant as this pair navigates through uncertain conditions.

In summary, GBP/USD is experiencing a challenging phase. Market participants should consider both technical and fundamental factors as they approach trading opportunities.