GBP/USD Decline Continues Below Key Support Zone

The GBP/USD pair has started a fresh decline from the 1.3550 resistance zone, trading below a bullish trend line with support at 1.3435 on the 4-hour chart.

The British Pound failed to clear 1.3550 and trimmed gains against the US Dollar, starting a new decline below 1.3500 and 1.3450.

Looking at the 4-hour chart, the pair settled below 1.3400, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour).