The GBPUSD price declined in its last intraday trading, affected by the stability of the critical and stubborn resistance level at 1.3600, which formed an obstacle against the continuation of the rise and pushed the price to catch its breath.
This decline comes with the pair’s attempts to gain the required positive momentum to breach this resistance, supported by the stability of its trading above EMA50, and under the dominance of the bullish trend on the short-term basis, with the continuation of its trading alongside a bias line, accompanied with its attempt to offload the clear overbought condition in the (RSI), especially with the emergence of the negative signals.
