The US Dollar Index started 2025 with an increase of about 0.79%, which drove several currencies to decline to their lowest levels, including the British Pound, which continued its downward trend and touched 1.23527, its lowest level since April 2024.
The decline of the GBP/USD pair and the formation of a new low below 1.24774 confirm the bearish momentum of the pair. An increase to 1.25573 suggests the possibility of another decline to continue the downward trend, targeting 1.24140.
Maintaining the level of 1.26139, which represents the last lower high recorded by the pair, and failing to record a peak above it, keeps the bearish scenario valid.
The decline of the GBP/USD pair and the formation of a new low below 1.24774 confirm the bearish momentum of the pair. An increase to 1.25573 suggests the possibility of another decline to continue the downward trend, targeting 1.24140.
Maintaining the level of 1.26139, which represents the last lower high recorded by the pair, and failing to record a peak above it, keeps the bearish scenario valid.
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