The (GBPUSD) price declined slightly in its last intraday trading, after offloading its clear oversold conditions on the relative strength indicators, especially with its reach to an exaggerated overbought levels compared to the price move, to indicate the fading of the bullish momentum that helped the price to settle amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trendline for this track.
Origin: Economies
