GBP/USD Price Analysis: Potential Test of 1.2600 Level with Support at March’s Low
Wednesday, 27 March 2024, 05:15
GBP/USD Price Analysis
Bearish Momentum Continues
GBP/USD is on a two-day downward trend, nearing the 1.2600 level during the Asian session on Wednesday. The next significant support is projected to be around March’s low, adding to the downward pressure.
Traders are closely monitoring the potential breach of the 1.2600 level, which could lead to increased selling pressure. The latest movement suggests a challenging environment for GBP/USD.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.