The (GBPUSD) price continued its decline in its last intraday trading, amid the dominance of bearish correctional wave on the short-term basis, affected by the negative pressure of its trading below EMA50, surpassing the support of main bullish trend line on the short-term basis, intensifying the negative pressure when confirming breaking it.

On the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which might decelerate the upcoming losses, and we might witness some upside rebounds due to their neediness to offload some of these conditions.

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