GBPUSD – Currency Pair Continues to Decline

04.09.2024

H4: After the price exited the overbought zone downward, the currency pair continued its gradual decline. Locally, the daily Supertrend line provides some support to the price, but it remains below the four-hour Supertrend line, which prioritizes a scenario of further decline towards the 1.3062 level (6/8).

Trading decision: Sell at 1.3145, TP at 1.3062.