GBP/USD Channeling Down, Breaking Rising Trendline Support

Channel, momentum: GBP/USD is sliding within a falling channel as seen in the 1H chart. In this time-frame, the momentum is bearish as the RSI has tagged 30 and failed to push above 60 since it crossed below the 200SMA and has since remained under it. Rising trendline breakdown: The daily chart…

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GBP/USD Channeling Down, Breaking Rising Trendline Support

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