GBPUSD The downward trend is clearly evident

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GBP/USD is losing some ground as traders focus on rising US Treasury yields. The 10-year Treasury yield rose again above 4.90%, while the 30-year Treasury yield rose above 5.05%.

The RSI remains in the moderate region, giving GBP/USD a good chance to gain further bearish momentum and head towards the next support between 1.2000 and 1.2030.