“GBP/USD Breaks Major Support – Analysis (08 October 2025)”

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“GBP/USD extended its intraday decline, breaking below the key support level at 1.3415, which confirms the strength of a clear short-term bearish sub-wave. Price action continues to follow a descending path along a supportive trendline, with sustained pressure driven by its position below the 50-period EMA—underscoring the current dominance of sellers.

Additionally, negative signals on the relative strength indicators persist, despite the pair entering oversold territory. This suggests that further weakness may continue in the intraday sessions before any potential corrective rebound occurs.”


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