British Pound (GBP) Price Outlook: GBP/USD Lurches Lower, Start of a New Downtrend?
Summary
By sueyangfx.com June 17, 2021 at 09:06AM GBP/USD has broken below support from a trendline connecting the higher lows of an upward-sloping channel in place since March 2020.This could mark the start of a new trend lower.
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC

June 17, 2021 at 09:06AM
GBP/USD has broken below support from a trendline connecting the higher lows of an upward-sloping channel in place since March 2020.This could mark the start of a new trend lower.