GBPUSD price is experiencing correctional gains, attempting to recover previous losses
Negative pressure on GBPUSD due to trading below EMA50, reducing chance of near-term recovery
The (GBPUSD) price extended its gains in its last intraday trading, attempting to recover some of its previous losses, amid the dominance of the bearish correctional trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chance of the price recovery on the near-term basis, with the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared by the price movement, to suggest forming negative divergence.
Origin: Economies
