The (GBPUSD) price declines in its last intraday levels, amid the dominance of the main bearish trend and its trading alongside supportive trendline on the short-term basis, leaning on the support of its EMA50, which helped it to settle and bounce higher in attempt to recover some of its early losses, accompanied by the beginning of forming negative divergence of the relative strength indicators, after reaching overbought level, exaggeratedly compared to the price movement, with the emergence of the negative signals from there, indicating the weakness of the positive momentum around the price.
Origin: Economies
