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kurtlanger
Mar 30, 2017 10:35 PM

GBP moves in the view of bullish div  

British Pound/U.S. DollarFXCM

Description

technically we see a bullish divergence on hourly macd after 61.6 FR since yesterday upswing since last night Eurex. Continued safe haven outflows from gold and jpy seen EU/US -session onwards, @ daily pivot levels on the upside , for Nikkei index. USD still potential to move up during upcoming overnight/Friday. However , there is resistance through cable supported @ daily neutral EurGbp @ 2-Sigma down channel border in confluence with Daily R2 support, suggesting the pound to move away from overnight sentiment - driven highs, and therefore cable with decent likelihood to test Daily S1 unless EU Inflation data disappoint during Eurex tonight
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