Livre sterling / Dollar américain
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GBP/USD analysis: Buy or Sell?

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Based on the indicators on the 1-hour chart, Relative Strength Index (RSI) is hovering around 40 and the price is below the 20, 50, and 100 Simple Moving Averages (SMA), indicating a downward trend phase.

If the price continues to decline and breaks below the support zone at 1.2590, there is a likelihood of a more significant downtrend in the near future.

Conversely, if the price shows signs of reversal and begins to recover, it is likely to encounter resistance around the level of 1.2640.
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