GBPUSD LOOKS READY FOR A RALLY!!
GBP looks to gain strength and start a rally. There’s been a sell-off which ended in August 2018.
RSI showed divergence signaling that selling moment is lost
Price pulled back to the trendline and is forming a Higher low at the 78.6% fib level
Price shows bullish signals from here with the current closing price of the week forming a bullish candle
A bullish swing is expected at least to previous structure highs
RSI showed divergence signaling that selling moment is lost
Price pulled back to the trendline and is forming a Higher low at the 78.6% fib level
Price shows bullish signals from here with the current closing price of the week forming a bullish candle
A bullish swing is expected at least to previous structure highs
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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.