GBPUSD bearish in short-term; prices falling in down sloping channel

forexbillions

Junior member
26 0
Analysis

GBPUSD is in a downtrend in the short-term after falling from the June 30 high of 1.3029. The risk remains to the downside as the market is falling in a down sloping channel on the 4-hour chart.

The RSI indicator is below 50, which also asserts the bearish ...

gbpusd2.png

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