GBP/USD dropped to 1,258 because the US dollar was improved
The GBP/USD remains entrenched in bearish territory, hovering around the 1.2580 mark during the Asian trading session on Tuesday. The strength of the US Dollar may be attributed to improved yields on US Treasury bonds, which in turn, exert pressure on the GBP/USD pair.
The downtrend continues to hold sway at the moment, receiving robust support from the dual EMA lines. The immediate hurdle facing the pair is at 1.261, where the price may continue to face resistance as it undergoes a retest of the EMA pathway.
The downtrend continues to hold sway at the moment, receiving robust support from the dual EMA lines. The immediate hurdle facing the pair is at 1.261, where the price may continue to face resistance as it undergoes a retest of the EMA pathway.
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