GBPUSD Respects the Downtrend as Buyers Fail to Return Above 1.43 – FX Leaders
The GBPUSD pair continues to follow a downtrend as buyers struggle to push the price above 1.43. Despite several attempts, the pair has failed to break through this resistance level. This indicates that sellers are still in control of the market.
The ongoing downtrend suggests that the GBPUSD pair is likely to continue moving lower in the near future. Traders should be cautious about entering long positions until there is a clear sign of a trend reversal.
Overall, the GBPUSD pair remains under pressure as buyers have been unable to push the price above 1.43. The downtrend is expected to persist as long as this key resistance level holds.