GBPUSD reversal pattern spotted
Updated
RSI divergency has been spotted on the 4h chart, which adds to the bounce on the 50 Fibonacci level (also support area).
Stochastics are also indicating that a new bullish movement is coming.
I'm expecting the pair to shoot up towards the new 61.8 fib level which is also another S/R area.
Stochastics are also indicating that a new bullish movement is coming.
I'm expecting the pair to shoot up towards the new 61.8 fib level which is also another S/R area.
Trade active
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.