Hello traders, technical analysis of the GBP/USD currency pair. Currently, the pair is trading below the daily pivot at 1.340 and below the weekly pivot at 1.33642. The price on the H4 chart is below the 50-period moving average (blue) and above the 200-period moving average (red). Today, the price dropped significantly and broke below the weekly pivot to the south. I am waiting for a break below the H4 MA200, after which the southern direction will strengthen, potentially testing the monthly pivot at 1.31693, located at the end of the long zone.
