The (GBPUSD) price declined during its last intraday trading, due to the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and strength of the main bearish trend on the short-term basis, especially with its trading alongside trendline, besides the emergence of negative crossover on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressure.
Origin: Economies
