The GBP/USD exchange rate dipped further in the latest intraday trading on March 27, 2025, maintaining its downward correctional trend. The pair is currently trading within a narrow price channel, facing ongoing negative pressure due to its position below the 50-period simple moving average (SMA).
Additionally, despite the Stochastic indicator reaching oversold levels, it continues to signal bearish momentum, adding to the negative outlook for the currency pair in the short term.
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