GBPUSD 28 Jun 2024 On the daily timeframe, GBPUSD is still in a bearish trend since last week. Although it had several trend reversals, there were no significant changes that managed to bring this pair out of the bearish trend. GBPUSD continues to fall towards the support line and the kumo cloud. On the stochastic indicator, it can be seen that the pair has approached the 20 level, which indicates a possible oversold saturation. This opens up the opportunity for a trend reversal when the pair hits the support line. Traders should stay alert for trend reversal signals and monitor further developments to make informed trading decisions.
