GBP/USD: Death-cross 1-hourly chat indicates a possible bearish break across a downward trend-channel
The pair were unable to build on the good putback overnight from support labeled by the lower end of the short-term downward trend channel structure in the 1-hour graph.
In addition, technical indicators in hourly charts have been sliding into negatives adding relevance to bearish perspectives, although bullish daily chart oscillators warrant a little caution before attaching forceful bets.
Therefore, the traders can wait for a credible break with that trend channel support, which is presently around 1.3085-80 before moving towards the 1.30-key cognitive mark for the extension of the curative tumble.
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