GBPUSD Stuck in Limbo: Rangebound Consolidation or Downtrend Continuation?
GBPUSD has been stuck in a sideways dance between 1.2518 and 1.2691, leaving traders wondering whether this signifies a pause in the downtrend or simply consolidation before further decline. Let’s analyze the technicals to understand the key levels and potential scenarios. Sideways Shuffle: Consolidation or Downtrend Pause? Support Levels to Watch for Downside Moves Resistance … Continue reading "GBPUSD Stuck in Limbo: Rangebound Consolidation or Downtrend Continuation?"
GBPUSD has been stuck in a sideways dance between 1.2518 and 1.2691, leaving traders wondering whether this signifies a pause in the downtrend or simply consolidation before further decline. Let’s analyze the technicals to understand the key levels and potential scenarios. Sideways Shuffle: Consolidation or Downtrend Pause? Support Levels to Watch for Downside Moves Resistance … Continue reading "GBPUSD Stuck in Limbo: Rangebound Consolidation or Downtrend Continuation?"
