FX.co ★ GBP/USD

The currency pair GBP/USD continues to trade within a descending channel. At this stage, the pair is in a tight range below the daily pivot line (1.32400). Upon exiting this range, both upward and downward movements are possible. However, indicators in the current situation suggest a priority for GBP/USD to move downwards. With further decline, GBP/USD could be expected to reach the lower channel boundary (1.30220).