The GBPUSD attempts to gain bullish momentum – Analysis 29-08-2025 – ForexNews.PRO
GBPUSD price declined in last trading, but may recover and rise again due to positive strength and bullish correctional trend
The (GBPUSD) price declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, to offload this overbought condition, gathering its positive strength that might help it to recover and rise again, amid the dominance of the bullish correctional trend on the short-term basis, and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, forming a positive barrier that prevents the positive station of the pair on the near-term basis.
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