TECHNICAL ANALYSIS

The 1.3350 support zone has failed and the ascending trendline that has supported Sterling since November 2024 is broken. Here is what it means for your hedge book. Caption: GBP/USD Daily | Source: TradingView | SMA 20, 50, 200 | RSI (14) In our recent analysis, we flagged the 1.3350 support zone as the critical level to watch — where the 61.8% Fibonacci retracement and previous support/resistance converged. Buyers were defending it with long lower wicks. That defence has now