GBPUSD Recovers Slightly But Faces Challenges at 1.2650
GBPUSD has broken its three-day losing streak, trading around 1.2640 in the early hours of Monday. Analyzing the daily chart indicates a persistent bearish trend as the currency pair remains trapped within the descending channel pattern. Traders should approach with caution as significant resistance levels could halt any potential rebound. Monitoring market conditions closely will be crucial for strategizing next steps.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]