Image © Adobe Images FX • GBP • Oversold Signals

Short-term oversold signals suggest scope for a rebound, but a durable recovery needs a shift in fundamentals. 📉

GBP/EUR fell to a two-year low at 1.1340 this week. 💵

GBP/USD slipped below 1.33 , extending recent losses. 🌐

Most GBP pairs posted notable declines , leaving sterling oversold on several time frames.

The short-term tactical theory

Oversold readings on the daily charts warn of waning downside momentum , opening the door to a rebound and consolidation read analysis .

GBP/EUR daily chart – RSI in the lower panel hits 30, signalling oversold conditions.

But for a meaningful recovery to develop, the fundamental winds must change.

Understanding the pressure – and why the outlook is a little brighter

Sterling’s re

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