ForextersGBP/USD Breaks Key Support, Dollar Starts Recovery
Key Highlights
GBP/USD started a downside correction after struggling near 1.3700.
There was a break below a key descending triangle at 1.3535 on the 4-hours chart.
EUR/USD extended its decline below the 1.2200 support level.
Gold price dropped over $100, while crude oil price remains elevated.
GBP/USD Technical Analysis
The British Pound struggled to clear the 1.3700 resistance and started a fresh decline against the US Dollar. GBP/USD broke the 1.3620 support level to start the recent downside correction.
