GBPUSD price bounces after reaching our expected target

GBPUSD witnessed positive fluctuating trading on its last intraday levels, after leaning on 1.3365 key support, which represented an expected target in our previous analysis, gaining bullish momentum that reinforced by the emergence of positive signals from the relative strength indicators, after reaching oversold levels, to attempt to recover some previous losses.

This comes amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this track.