In the pair GBP/USD our
strategy is giving us a reversal signal on 4-hour chart. This indicates that
the price would be turning around after reaching its daily high of 1.4661.
The pair has lost 1.46
level and is now trading below it.
To confirm the return of
the pair and enter short positions, we would be waiting for price breaks the
support level located 1.4565, with target at the level of 1.4500 1.4490.
In this same graph, our
stochastic has left its overbought level and now maintains a downward slope,
confirming the hypothesis of a reversal in the pair, but as we said, we have
expected to break its support. In our RSI a bearish divergence appears.
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