GBP/USD retreat from 1.2988 is disheartening

BRITISH POUND / U.S. DOLLARICE

Description

⋅ May 10, 2017 1:41 PM

Pair’s retreat from 1.2988 in the wake of a bearish price RSI divergence on the daily chart if followed by a close below the 10-DMA level of 1.2925 would signal short-term trend reversal and shall open doors for 1.2829 (May 4 low) and 1.28 levels.