GBP/USD – Daily Technical Analysis

GBP/USD is almost reaching the daily trendline, while SMA100 is nearly at the same level (slightly above). Bulls should closely monitor the SMA and the support trendline as potential entry points. Bears should seek opportunities to enter a sell position if the price closes below the SMA and the trendline. In the event that the price continues in a downtrend, it is important to check the first significant support level on the chart.

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