TipTVFinance

GBP/USD - Break below 1.4114 could prove to be fatal

FX:GBPUSD   British Pound/U.S. Dollar
Cable is trading around 1.4110 levels. this is bad news for people expecting a recovery in the pair as a hourly closing below 1.4114 would indicate failure to bullish price-RSI divergence seen on the hourly chart.

In the current scenario, a single hourly candle could result in a 100-pip drop. Hence, a 15-min closing below 1.4114 could be a sign the bullish divergence has failed. In such a case, pair could drop to 1.4079-1032 levels.

On the higher side, an hourly closing above 1.4189 is required to open doors for further recovery in the pair.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out