GBPUSD SHORT

Key Indicators

• Despite the rebound, the 4-hour chart reveals weak upward momentum, showing signs of exhaustion on lower timeframes.

• The price stays below the 100-day SMA, and RSI remains below 50, suggesting weak buying momentum.

Fundamental Context

Despite the rebound, the GBPUSD is still struggling to regain strong momentum, as the general trend remains neutral to bearish. Therefore, further pullbacks are possible within broader consolidation.