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GBP/USD – Another failure above 1.30; looks weak

FX:GBPUSD   British Pound/U.S. Dollar
Cable’s repeated failure to sustain above 1.30 handle despite bullish price divergence on the RSI amid mixed batch of US data indicates increased likelihood of the pair revisiting recent cyclical low of 1.2789, especially if prices fail once again on Monday at 1.30 and/or 5-DMA.

On the higher side, we need a convincing break above 1.30 as it would add credence to bullish price RSI divergence on 4-hour chart and open doors for 1.3119 and 1.3207.
EricBuss
7 months ago
Sterling Will rise... Just a matter of time Now..
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TipTVFinance PRO EricBuss
7 months ago
Lets hope. I would watch out for rejection at 5-DMA on Monday though
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