GBPUSD price continues to rise, supported by stability above EMA50 and a strong minor bullish wave on a short-term basis
RSI indicates overbought levels, suggesting a possible correction or stability before resuming the rise
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The (GBPUSD) price kept rising in its last intraday trading, supported by the positive pressure that comes from its stability above its EMA50, besides its trading within a strong minor bullish wave on a short-term basis.
Despite this bullish momentum, the (RSI) indicates the price reaches overbought levels, which might form a temporary pressing factor on the upcoming trading, with a possibility for correction or stability to offload this condition before resuming the rise again.
