GBP/USD – bearish RSI divergence
The bearish divergence suggests potential for a pull back to 1.2831 (May 4 low). Only a daily close below 1.2831 would signal a short-term top has been made and could yield a pull back to 1.2706 (Feb 2 high). The MACD has turned bearish as well.
On the higher side, a daily close above 1.30 would revive the bullish view.
On the higher side, a daily close above 1.30 would revive the bullish view.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.