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.
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