GBP/USD falls below SMAs but one last opportunity for rebound remains. Short-term signals point to oversold conditions; eyes on 1.3400. GBP/USD extended its decline below the 50-day simple moving average (SMA) after Bank of England Governor Andrew Bailey expressed a willingness to implement larger rate cuts if the labor market shows signs of weakness, according […]The post GBP/USD at Breaking Point: Will Bulls Roar Back? appeared first on Action Forex.