Home GBP/USD Technical Analysis: Bull RSI divergence confirmed on 4H chart

GBP/USD Technical Analysis: Bull RSI divergence confirmed on 4H chart

Updated: 12 Feb. 2019 | 06:33

GBP/USD could be in for a minor bounce possibly to 1.2880-1.29, as the previous 4-hour candle closed on a positive note, confirming a bullish divergence (higher lows) on the 4-hour chart RSI.

A break below 1.2845 would invalidate the positive divergence of the RSI.

4-hour chart

Trend: corrective bounce

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