GBP/USD Technical Analysis: Bull RSI divergence confirmed on 4H chart

Omkar Godbole FXStreet Contributor

GBP/USD could be in for a minor bounce possibly to 1.2880-1.29, as the previous 4-hour candle closed on a positive note, confirming a bullish divergence (higher lows) on the 4-hour chart RSI.

A break below 1.2845 would invalidate the positive divergence of the RSI.

4-hour chart

Trend: corrective bounce

1. R3 1.3033
2. R2 1.2992
3. R1 1.2927
PP 1.2886
1. S1 1.2821
2. S2 1.278
3. S3 1.2715

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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