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The GBPUSD gets ready to attack key resistance -Analysis-18-08-2025
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The GBPUSD gets ready to attack key resistance -Analysis-18-08-2025
Aug 18, 2025 6:55 PM

The (GBPUSD) price rose slightly in its last intraday trading, preparing to attack the key resistance level at 1.3585, amid the dominance of bullish correctional wave on the short-term basis, indicating the dominance of the buying powers on the trading, especially with the continuous positive support due to its trading above EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, which might decelerate the positive move of the price temporarily, due to its neediness to offload the overbought condition, opening the way for achieving more of the futuristic gains.

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