GBP – The British pound has lost several technical support levels, continuing to face downward pressure

The British pound has fallen against the U.S. dollar in recent days and has initially broken below its 50-day and 100-day moving averages. The RSI and Stochastics are also trending lower, suggesting continued downward pressure on the British pound in the short term. The current support is expected to be at 1.33, with the next levels at 1.32 and the 200-day moving average at 1.3125. 1.30 is another key level. The resistance will be seen at 1.34 and the 50-day moving average at 1.3470, followed by 1.3540 and 1.3660.

Forecast Range:
Resistance: 1.3400 - 1.3470 - 1.3540 - 1.3660
Support: 1.3300 - 1.3200 - 1.3125 - 1.3000

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