The GBPUSD is breaking critical support – Analysis 29-07-2025

gbp2GBPUSD price has sharply declined, breaking critical support at 1.3365

Negative pressure from trading below EMA50 and oversold RSI levels indicate selling strength

The (GBPUSD) price settled with a sharp decline in its last intraday trading, to confirm breaking the critical support at 1.3365, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a supportive bias line for this trend, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), despite reaching oversold levels, indicating the dominance of the selling strength on the trading.

Leave a Reply