The analysis of the GBP/USD currency pair by the Mallicast team

14 Eyl

The analysis of the GBP/USD currency pair by the Mallicast team for the remainder of the week suggests that the pound is likely to experience a strong bearish movement with high momentum. This decline could be influenced by various factors such as changes in economic data from the UK and the US, central bank decisions, and overall market conditions. Traders should be mindful that this bearish move may provide favorable trading opportunities for short positions. However, paying attention to key support levels and analyzing global economic conditions remains crucial.