GBP/USD Bounces Off Support, but Descending Triangle Pattern Signals Further Losses

GBP/USD Bounces Off Support, but Descending Triangle Pattern Signals Further Losses https://www.dailyfx.com/forex/fundamental/article/fundamentals_vs_technicals/2022/04/20/GBPUSD-Bounces-Off-Support-but-Descending-Triangle-Pattern-Signals-Further-Losses.html GBP/USD stages a moderate rebound on Wednesday, supported by broad-based weakness in the U.S. dollar, but the fundamental and technical outlook for the pair remains bearish.

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DailyFX - Market News FX

Japanese Yen remains on the front foot as wage growth bolsters BoJ rate hike expectations 8 December 2025

The Japanese Yen (JPY) attracts some dip-buying at the start of a new week and remains close to its highest level since November 14, touched against a weaker US Dollar (USD) on Friday.

USD/CAD holds onto Friday’s losses around 1.3800, investors await Fed-BoC policy 8 December 2025

The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday.

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China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November

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West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a three-week-old uptrend and oscillate in a narrow band during the Asian session on Monday.

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The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around the 1.3320-1.3325 region, during the Asian session.

Gold Price Forecast: XAU/USD drifts higher above $4,200 on Fed rate cut expectations 8 December 2025

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GBP/USD Bounces Off Support, but Descending Triangle Pattern Signals Further Losses

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