The GBPUSD declines sharply alongside a bullish correctional trend line – Analysis 25-07-2025 – ForexNews.PRO
The (GBPUSD) price declined sharply in its last intraday trading, amid the continuous attempts to look for a rising low to take as a base that might assist it to gain the required positive momentum to recover, amid the dominance of a bullish correctional wave on the short-term basis and its trading alongside a supportive bias line for this trend, with the continuation of the dynamic positive pressure that is represented by its trading above EMA50, besides the (RSI) reach to oversold levels, exaggeratedly compared by the price move, which is a healthy sign for reducing the negative momentum around the price.
Therefore, our expectations suggest a rise in the (GBPUSD) prices in the upcoming intraday trading, conditioned by the stability of the support level at 1.3475, to target the resistance at 1.3585.
The expected trading range is between 1.3460 support and 1.3560 resistance.
Today’s forecast: Bullish
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