GBPUSD price declined due to resistance at 1.3425 and bearish correction trend
Negative pressure from trading below EMA50 and overbought levels on relative strength indicators
The (GBPUSD) price declined with fluctuating trading on its last intraday levels, affected by the stability of the key resistance at 1.3425, to remain under the dominance of the bearish correction trend on the short-term basis.
This comes amid the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, that reinforces the continuation of the pressure on the trading.
Origin: Economies
