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The GBPUSD rises affected by a key support -Analysis-08-07-2025
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The GBPUSD rises affected by a key support -Analysis-08-07-2025
Jul 7, 2025 9:37 PM

The (GBPUSD) price rose in its last intraday trading, after reaching our suggested target at q.3590 support, gaining positive momentum that affected its stability, especially with the emergence of the positive signals on the (RSI), after reaching oversold levels.

This comes amid the dominance of bearish correctional wave on the short-term basis, with the continuation of the negative pressure that comes from the pairs trading below EMA50, forming a dynamic resistance that prevents the pairs recovery.

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