The GBP/USD currency pair is below EMA50 on the daily chart and that means this pair stays into a downtrend. The stochastic oscillator may fall to level 20, in order to form a new down wave for the price action.
According to the 8 hour chart, the GBP/USD pair is into a range between 1.44 and 1.45. If this pair breaks out of its range at 1.44, it may go down to 1.41 in the medium term.
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