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GBPUSD is under negative pressure – Analysis – 28-05-2026
The GBPUSD pair deepened its losses in recent intraday trading, affected by short-term negative formation that is represented by rising wedge pattern, to surpass EMA50’s support, intensifying the negative press and ending the chances of recovery attempts in the upcoming near period, especially with the emergence of a positive divergence on the relative strength indicators after offloading some of its oversold conditions, opening the way for recording more losses.
Bitcoin Price Reaches Our Target – Analysis – 28-05-2026
Bitcoin price (BTCUSD) continued to decline during recent intraday trading, reaching the key support level at $74,500, which was a target in our earlier analysis, amid the dominance of the short-term bearish corrective trend, with the price moving alongside a bearish trend line that supports the continuation of this negative path.
MoreCrude Oil Price Rises After Reaching Our Target – Analysis – 28-05-2026
Crude Oil price rose slightly during recent intraday trading after the stability of $88.00 support level, which was a price target in our earlier analysis. This provided the price with some positive momentum, helping it to recover part of its recent losses and temporarily regain balance.
MoreSilver Price Prepares to Break Key Support – Analysis – 28-05-2026
Silver price declined during recent intraday trading as it approaches a break below the key support level at $74.00, amid the continued dominance of the short-term bearish corrective wave, reflecting weak buying momentum and ongoing selling pressure on price action.
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