GBPUSD is experiencing deepening losses due to bearish correctional trend and trading below EMA50
Positive signals from RSI may help reduce losses in the future period
The (GBPUSD) price kept declining in its last trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50, to get ready to break the current support at 1,3460, on the other hand, we notice the beginning of forming positive overlapping signals of the (RSI), after reaching oversold levels, which might reduce the losses in the upcoming period.
