GBPUSD price rose due to breaking out of bearish correctional channel
Dynamic support of EMA50 reinforces bullish scenario
Negative signals appearing on RSI may delay new bullish wave
The (GBPUSD) price rose in its last trading, because of breaching the top of bearish correctional channel that limited its previous trading on the short-term basis, taking advantage of the current dynamic support of the EMA50, reinforcing the continuation of the bullish scenario.
On the other hand, we notice the beginning of the negative signals appearance on the (RSI), after reaching overbought levels, which might decelerate or delay the beginning of a new bullish wave in the future.
