GBPUSD price declined but is attempting to breach critical resistance at 1.3665, with positive pressure from trading above EM5A0 and potential positive divergence in relative strength indicators
The (GBPUSD) price declined in its last trading on the intraday basis, affected by the stability of the resistance at 1.3665, in an attempt to gain bullish momentum that might help it to breach this resistance, amid the dominance of the main bullish trend on the short-term basis and its trading alongside main and minor trendlines, with the continuation of the positive pressure that comes from its trading above EM5A0, noticing that the relative strength indicators have reached oversold levels, exaggeratedly compared to the price movement, to suggest forming positive divergence, reinforcing the chances for its recovery in the upcoming period.
Origin: Economies
