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GBPUSD price gets ready to break key support - Analysis- 06-04-2026
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GBPUSD price gets ready to break key support - Analysis- 06-04-2026
Apr 5, 2026 9:52 PM

GBPUSD is holding onto series of consecutive losses in recent intraday trading, leaning on the key support of 1.3180 preparing to break it, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive minor trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full near-term recovery, especially with the emergence of negative signals from the relative strength indicators, despite reaching oversold levels.

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