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The GBPUSD is declining due to critical resistance’s effect-Analysis-06-2025
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The GBPUSD is declining due to critical resistance’s effect-Analysis-06-2025
Jun 5, 2025 8:53 PM

The (GBPUSD) price declined in its last intraday trading, due to the stability of the key resistance at 1.3585, in attempt to gain a positive momentum that might assist it to breach this resistance, and attempts to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, with the continuation of the positive support that comes from its trading above its EMA50.

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