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GBPUSD attempts to gain bullish momentum- Analysis-17-10-2025
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GBPUSD attempts to gain bullish momentum- Analysis-17-10-2025
Oct 16, 2025 9:26 PM

The (GBPUSD) price witnessed fluctuated trading in its last intraday levels, attempting to gain bullish momentum that might help it to recover and rise again, and it succeeded in offloading its overbought conditions on the relative strength indicators, despite the continuation of the negative signals, affected by the dynamic support that is represented by its trading above EMA50, under the dominance of bullish corrective wave on the short-term basis and its affection by breaching main bearish trend line on the short-term basis.

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