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GBP/USD ANALYSIS

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On the daily chart, after testing the high of 1.3913 on September 14, the GBP/USD pair lost momentum and continued with its existing short-term downside trend. Furthermore, the spot trades below the 21-day Simple Moving Average (SMA) at 1.3629 inside the symmetrical triangle formation, which confirms the pressured movement for the pair at least in the short term. Having said that, if the price breaks the intraday low, it could test the ascending trendline of the mentioned triangle at 1.3565, extending from the low of 1.3411.  #Signal#  #mytradingstory#  #NewTraders#  #Todayanalysis#  #FlashNews#  #insightsboard#  #Knowledge#  #BeginnerTrader# 

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