GBPUSD Daily Analysis – August 7, 2023

GBPUSD experienced a rebound from the 1.2619 level after being contained by the support at 1.2590. However, it is important to note that as long as the price remains below the falling trend line on the 4-hour chart, the recent bounce should be considered as a consolidation phase within the overall downtrend from 1.3141. This … <a href="https://www.forexcycle.com/short-term-forex-analysis/136554-gbpusd-daily-analysis-august-7-2023.html">Continue reading<span> "GBPUSD Daily Analysis – August 7, 2023"</span></a>