The (GBPUSD) price rose during its last trading on the intraday basis, supported by the positive signals from the relative strength indicators. The pair is attempting to correct the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of the price recovery in the upcoming period, especially with the relative strength indicators reaching overbought levels, compared to the price move, which suggest forming negative divergence that will intensify the negative pressure.
Origin: Economies
