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GBPUSD price faces bearish pressure - Analysis- 02-04-2026
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GBPUSD price faces bearish pressure - Analysis- 02-04-2026
Apr 1, 2026 9:47 PM

The GBPUSD pair declined during its recent intraday trading after encountering resistance at EMA50, which exposed it to negative pressure and forced it lower. This comes amid the dominance of a main short-term bearish trend, with price moving alongside a supportive trendline for this bearish path, with the emergence of negative signals from the relative strength indicators, following the formation of a negative divergence, which increases the downside pressure surrounding the pair.

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