GBPUSD settles with sharp losses. Analysis 10-10-2025 – ForexNews.PRO
The (GBPUSD) price settled low sharply in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, with the continuation of the negative pressure due to its trading below EMA50, to break the key support of 1.3340, this support was our suggested target in our previous analysis, which intensifies the negative pressure on the price.
On the other hand, we notice the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, which reduced the last losses due to the price neediness to offload some of this oversold condition.
Origin: Economies
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