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GBPUSD receives positive push -Analysis-23-04-2025
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GBPUSD receives positive push -Analysis-23-04-2025
May 25, 2025 7:30 PM

the GBPUSD rose in its recent intraday trading, after it declined yesterday, attempting to look for a rising bottom to take it as a base that might help it to gain the required positive momentum to recover, to approach in its last trading from leaning on the support of the EMA50, which forms positive pressure that pushed the price to rebound to return its early losses into slight gains.

This came amid the dominance of the main bullish trend on the short-term basis, and the beginning of forming positive divergence on the (RSI), after reaching exaggerated oversold levels compared with the price current movement, and the beginning of positive overlapping signals on them.

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