The GBPUSD leans on its moving average – Analysis 16-06-2025

gbp_cfdThe GBPUSD price declined sharply in its last intraday trading, after its attempts to gain the required positive momentum to assist it to attack the critical resistance level at 1.3600, to lean on the support of its EMA50.

This performance comes with the beginning of forming a positive divergence on the (RSI), after reaching oversold levels, besides the beginning of the positive signals on the indicators, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

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