GBPUSD : Reduced or will increase ?

13시간 전GBP/USD extends its decline towards 1.3300 during the European trading session on Tuesday. Hawkish remarks from Fed Chair Powell and cautious market sentiment are supporting the U.S. Dollar ahead of key data releases, including the U.S. ISM Manufacturing PMI, JOLTS job openings, and Fed speeches.

From a technical perspective, the pair is under significant selling pressure, clearly reflected by the bearish candlesticks. If the 1.332 support level holds, the pair may enter a sideways range within the marked zone.

On the other hand, a break below the current support could present a lucrative opportunity for the bears at this time.