GBP/USD – Gains likely, brace up for busy week
Pair’s bullish price RSI divergence on hourly chart coupled with money flow index turning corner from oversold region suggests the spot is likely make an attempt at 1.30 handle, breach of which would open doors for 1.3056 (July 26 low).
Overall, bearish invalidation is seen only in case of a day end closing above 1.3056.
On the lower side, 1.2875 is a strong support, which if breached would open doors for a drop to 1.28 levels.
Overall, bearish invalidation is seen only in case of a day end closing above 1.3056.
On the lower side, 1.2875 is a strong support, which if breached would open doors for a drop to 1.28 levels.
