vlad.adrian
Long

GBPUSD - Bullish divergence

FX:GBPUSD   British Pound/U.S. Dollar
309 0 7
The weekly chart shows how important the resistance at 1.63 is for the pound
snapshot
.
I expect this area to be tested. If the USD is going to be weak, maybe we will get a full on rally to 1.67.
The MACD lines and histogram both show class A bullish divergences, with immediate recovery after the breakout occured on Friday. This chart looks very bullish for the coming days, and why not, couple of weeks.
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