Forex: GBP/USD Technical Analysis – Reversal in the Works?
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- Negative RSI divergence a turn lower may be ahead from resistance 1.6235 (38.2% Fib)
- Breaking trend line support at 1.6129 initially exposes the 1.60 figure
- A daily close above resistance initially exposes 1.6322 (50% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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