GBP/USD Price Analysis: Oscillates near 1.2310, as the formation of a death-cross loom

GBP/USD prints minuscule losses as Thursday’s Asian session begins after enjoying modest gains of 0.22%, which dragged the exchange rate towards a wee

GBP/USD hovers around 1.2310, after a brief ascent to a weekly high of 1.2337. Potential death-cross formation on the horizon signals possible further downtrend for the pair. Key levels to watch: 1.2300 support and 1.2400 resistance, with broader implications for trend direction. kly high of 1.2337. However, late in the New York session, the major retreated towards 1.2310, where the exchange rate oscillates at the time of writing.

2300, which, once cleared, could pave the way for a dip to the October 4 cycle low of 1.2037. A breach of the latter would expose the year-to-date low of 1.1802. Conversely, the GBP/USD must reclaim 1.2400 for a bullish continuation before launching an attack toward the 200-DMA at 1.2442. GBP/USD Price Action - Daily chart GBP/USD Technical Levels GBP/USD Overview Today last price 1.2311 Today Daily Change 0.0025 Today Daily Change % 0.20 Today daily open 1.2286 Trends Daily SMA20 1.

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