GBPUSD rose slightly in recent intraday trading, attempting to recover part of its previous losses after breaking below the pivotal support level at 1.3320. However, the pair remains under negative pressure as it continues to trade below its EMA50, which acts as dynamic resistance and limits the chances of a sustained recovery.
The technical outlook remains bearish in the short term, with price moving along a bearish trendline. In addition, relative strength indicators continue to generate negative signals.
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