FX.co ★ Technical Analysis of Intraday Price Movement of GBP/USD Main Currency Pairs, Monday, September 18 2023.

If we look and pay attention to the 4-hour chart of the main currency pair GBP/USD, you will see hidden deviations between the Cable price movement and the Stochastic Oscillator indicator and the EMA 50 & EMA 200 are still in Death Cross condition, which all indicates that the condition of GBP/USD on the 4-hour chart it is in a bearish condition so that in the near future GBP/USD as long as there is no upward correction beyond the 1.2500 level has the potential to fall down to test the 1.2352 level.

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