gbp6

The GBPUSD continues the decline

The (GBPUSD) price kept declining in its last intraday trading, after reaching the resistance of its EMA50 previously, which forced it to surrender to the surrounded negative pressures, first: its affection by breaking a bullish trend line on the short-term basis, with the emergence of the negative signals on the (RSI), to break the current support of 1.3440, which represents 382% Fibonacci correction level for the last bullish wave from (1.3138 to 1.3632), and that puts it under negative pressures.

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