GBP/USD Bearish Divergence at Resistance

1 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The GBP/USD has formed a bearish divergence right at resistance around 1.3040-55. The price might start to reject.

The GBP/USD surged heavily towards the W H5 and Im expecting a possible rejection. Strong divergence coupled with historical sellers and divergence might reject the price from the current level too 1.3025. Targets are 1.3000, 1.2975 and 1.2924. Only above 1.3056 we will see 1.3080 and 1.3130 and bearish scenario will become negated.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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