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DLavrov

GBPUSD - Bearish Divergence

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
DLavrov  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Technical Indicators GBP GBPUSD Forex
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trendanalysis supportandresistance indicator gbp gbpusd forex
The price bounced from 1.33500 resistance level and formed a bearish divergence. We got a trend reversal signal. RSI confirmed the price reversal and MACD supported the further donward movement. It gave us a sell opportunity with entry level below SMA50 and stop orders above 1.33500 level. Profit targets could be placed at the uptrend line, 1.31000 and 1.30000 support levels.

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