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The GBPUSD attempts to offload its overbought condition -Analysis-03-06-2025
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The GBPUSD attempts to offload its overbought condition -Analysis-03-06-2025
Jun 2, 2025 10:49 PM

The (GBPUSD) price declined in its last intraday trading, attempting to gain a positive momentum that might assist it to recover and rise again, and it attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals.

This comes with the continuation of the dynamic support that is represented by the trading of the pair above its EMA50, and under the full dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

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