there is a bearish divergence with MACD on the 4 H GBPUSD . Looks like that cable will hit a confluence with the 78.1 FR/ from Sept high within the next 1-2 weekly sessions (extrapol weekly R1's)- this would be a pivot preserving the momentum after reversal until UK PM re-election 8 June as upcoming main risk event. Anyhow- the pound will keep moving many crosses by tech momentum for a while yet.
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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.