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FahimLatif

GBPUSD reversal pattern spotted

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
FahimLatif Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBP pound USD DJ FXCM Index DXY divergency GBPUSD Relative Strength Index (RSI)
3
0
trendanalysis chartpattern indicator gbp pound usd usdollar dxy divergency gbpusd relativestrengthindex
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.
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