GBPUSD price settled low due to resistance of EMA50 and strong selling pressure
Minor bearish wave dominance on short-term basis with negative signals from RSI
The (GBPUSD) price settled low in its last intraday trading, affected by yesterday’s decline after reaching the resistance of the EMA50, this rebound put the price under strong selling pressure that pushed it to surrender to the negative pressures.
This comes amid the continuation of the dominance of minor bearish wave on the short-term basis, besides the emergence of the negative signals from the (RSI), which might limit the chances of near recovery.
