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GBPUSD – 2 Aug 2024

GBPUSD 2 Aug 2024

GBPUSD 2 Aug 2024 On the daily timeframe, GBPUSD has continued to decline since the trend reversal in the middle of last month when it managed to touch the price of 1.30077. It is in a bearish trend that has brought it down close to the kumo, and it has not been able to regain its strength until now. Looking at the stochastic indicator, which has been below the 50 level for a long time, indicates that saturation has occurred. However, the pair still has to wait for the momentum to reverse to break the declining trendline.

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