GBPUSD Daily Analysis – August 4, 2023

GBPUSD is in a downtrend from 1.3141, and the recent bounce from 1.2619 could be considered a consolidation phase within this downtrend. As long as the price remains below the descending trend line on the 4-hour chart, it is reasonable to expect the continuation of the downward move. Another fall to test the 1.2590 support … <a href="https://www.forexcycle.com/short-term-forex-analysis/136523-gbpusd-daily-analysis-august-4-2023.html">Continue reading<span> "GBPUSD Daily Analysis – August 4, 2023"</span></a>