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GBP/USD Tests 1.6060 Pivot; Key Support Zone at 1.5975-1.60

posted by Avatar FXTimes 816 days ago in EUR, GBP, Technical

The GBP/USD can be seen in the 1H chart developing a bullish divergence as the market attempts to satisfy a negative reversal target. (swing projection to 1.6050.) The RSI in the 4H chart is below 40, but has not tagged 30 to show bearish momentum. Below 30, the RSI reflects medium term ranging action. If not, we have more bullish bias…
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