Selling Pressure Weighs on GBP/USD – Technical Analysis for October 9, 2025

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“GBP/USD showed a cautious intraday rebound, stabilizing slightly higher as it retested the resistance level at 1.3415. This move was supported by positive signals from relative strength indicators, reflecting an attempt to relieve oversold conditions. However, the broader outlook remains bearish, with the pair still trading within a short-term downtrend and aligning with a descending support trendline — potentially paving the way for further losses ahead.”

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