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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.
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