The GBPUSD pair has been posting consecutive losses in its latest intraday trading, amid continued negative pressure from trading below EMA50. The pair also broke below a key short-term ascending trend line in previous trading sessions, intensifying downside pressure and increasing the likelihood of further losses.
On the other hand, we are noticing the emergence of a positive crossover in the relative strength indicators after they reached deeply oversold levels, helping the pair gain some stability as it attempts to recoup part of its previous losses.
