GBP/USD Weakens Below 1.3450, Uptrend Intact
GBP/USD slipped below the 1.3450 level in early European trading on Friday, pressured by safe-haven dollar demand due to geopolitical tensions, though the broader technical uptrend remains in place.
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The pound traded around 1.3445 against the dollar, edging lower as rising Middle East tensions and elevated oil prices boosted the greenback’s safe-haven appeal.
The move took the pair beneath the 1.3450 handle during the early European session, reflecting near-term dollar strength despite an otherwise constructive technical backdrop.
Analysts note that while the immediate pressure leans bearish, the broader uptrend structure remains intact for now.
Source: FXStreet Forex News