GBP/USD Technical Analysis: Bearish Trends Point to 1.3035
Tuesday, 10 September 2024, 01:57
GBP/USD Bears Target Key Support Level
The ongoing technical analysis of GBP/USD reveals a bearish sentiment dominating the market. As traders eye the 1.3035 level, the potential weakening of the Pound Sterling could become evident.
Market Insights from UOB Group
- Bears are actively positioning for a drop towards 1.3035.
- Significant support is seen at 1.3000, likely to hold.
Key Factors Influencing the Market
- Bank strategies influence currency movements.
- Market sentiment remains cautious amid economic fluctuations.
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.