GBP/USD has broken a key ascending trendline, potentially leading to a 470-pip decline. The four-hour chart RSI is oversold, hinting at a short-term rebound before a potential continuation of the downtrend. If the current US Dollar rally wanes, this could see the potential setup face significant headwinds. The bearish setup is invalidated if the daily […]
The post Chart Alert: GBP/USD Breaks Trendline, Is a 470-Odd Pip Decline on the Way? appeared first on ActionForex.
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