GBP/USD Is Under Strong Pressure
GBP/USD tests new lows as traders react to tariff developments. Currently, GBP/USD is moving towards the support level at 1.2680 – 1.2700.
In case GBP/USD manages to settle below the 1.2680 level, it will head towards the next support level, which is located in the 1.2560 – 1.2580 range. RSI is in the oversold territory, so the risks of a rebound are increasing.
GBP/USD 080425 4h Chart
