“GBP/USD Attempts to Correct Within Dominant Bearish Trend – Analysis

“GBP/USD rose in its most recent intraday session, supported by positive signals from the relative strength indicators, as it moves to retest the key resistance level at 1.3340. Despite this upward movement, the pair remains under bearish pressure due to continued trading below the 50-period EMA, reinforcing the stability of the prevailing short-term bearish trend, especially as the price continues to move along its descending trendline.”

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