GBP/USD Bearish Divergence Could Bring the Pair Lower
|The GBP/USD is still in uptrend on 4h but it is showing a bearish divergence that could tank the price lower. 1.2830 is support and if the support breaks, the pair could head towards 1.2785. In case of retracement, we might see 1.2900-1.2915 the POC zone (inner trend line, ATR pivot, W4, EMA89). The POC zone could also reject the price towards 1.2830 and 1.2785. At this point the interim resistance is 23.6 fib - 1.2886 so short term traders could possibly reject the price from that level in the form of short term momentum trades.
GBPUSD Current Trading Positions
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