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The GBPUSD declines affected by a negative technical formation -Analysis-11-06-2025
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The GBPUSD declines affected by a negative technical formation -Analysis-11-06-2025
Jun 10, 2025 8:59 PM

The (GBPUSD) price declined in its last intraday trading, affected by negative technical formation on the short-term basis(the rising wedge pattern), with a continuous negative pressure due to its trading below its EMA50, besides the emergence of the negative signals on the (RSI), after its success in offloading its oversold condition in previous trading, which opens the way towards recording several declines, to break the current support at 1.3490.

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