GBP/USD Price Forecast: Falls toward nine-day EMA support near 1.3650

💡 DMK Insight

GBP/USD is hanging around 1.3680, but here’s why that matters: despite recent losses, the bullish trend is still intact. The pair’s position within an ascending channel suggests that buyers are still in control, even if the last couple of days have been rocky. Traders should keep an eye on this channel for potential support around the lower trend line, which could provide a buying opportunity if prices dip. If the pair breaks below this channel, however, it could signal a shift in momentum, so watch for that level closely. On the flip side, if GBP/USD manages to regain momentum and push above recent highs, it could attract more buyers and push the pair toward new resistance levels. Keep an eye on economic indicators from the UK and US that could influence this pair, as they might provide the catalyst needed for a breakout or breakdown. The next few sessions will be crucial, so stay alert for any shifts in sentiment.