The (GBPUSD) price declined in its last intraday trading, after retesting the key resistance at 1.3095, affected by negative technical formation on the short-term basis that is represented by the rising wedge pattern, besides the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the dominance of the main bearish trend on the short-term basis with its trading alongside trend line.

Accompanied by the relative strength indicators reaching exaggerated overbought levels compared to the price move, which suggests forming negative divergence, which intensifies the negative pressures around it.