GBPUSD hits the resistance of its simple moving average. Analysis 03-10-2025 – ForexNews.PRO
The (GBPUSD) price settled with a cautious rises in its last intraday levels, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, in attempt to offload some of these conditions, to hit the resistance of its EMA50, putting it under negative pressure that forced it to stop its intraday gains, amid its affection by breaking a bullish corrective trend line on the short-term basis, reducing the chances of its recovery and intensifies the negative pressure.
Origin: Economies
Source link
