GBPUSD plummeted to a six-week low of 1.2538 as investors returned from the Easter holiday break, re-establishing the downward pattern from the March high. Given the price's position at the bottom of the 2024 range and around the lower Bollinger band, it will be intriquing to observe if the pair can avoid a bearish breakout even after getting another rejection from the December 2023 descending trendline. Should sellers maintain control, the price might initially examine February’s low of 1.2517 and the 1.2500 psychological number before plunging towards the key 1.2440 constraining zone. Additional losses from there ... (full story)