The GBPUSD price declined in its recent intraday trading, to test the support of its EMA50, which provides temporary stability amid the dominance of a bearish correctional wave on a short- term basis.
This performance came after the appearance of a reversing negative technical formation for the main bullish trend, which is the head and shoulders pattern, where the price is approaching from testing the neckline of this pattern, amid the emergence of the negative signals from (RSI), and that reinforces the possibilities for the weakness of the positive momentum.
