GBPUSD is trying to recover from oversold conditions, with positive signals from relative strength indicators
Price is under negative pressure due to breaking bullish trend line and trading below EMA50
The (GBPUSD) price rose slightly in its last intraday trading, attempting to recover some of its previous losses, taking advantage of offloading the clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there.
On the other hand, the price remains under negative pressure due to breaking main bullish trend line on the short-term basis, with the continuation of its trading below EMA50, which intensifies the surrounding pressures and limits the chances of its near recovery.
Origin: Economies
