GBP/USD Technical update

As pointed out earlier today, Cable has confirmed a bullish price-RSI divergence on the 15-minute chart.

15-min chart

GBPUSD m15 (03-22-2016 2031)

Sterling’s bullish price-RSI divergence on 15-min chart if results in a sustained break abv 1.4429 (61.8% Fibo of 1.4053-1.4515) would yield a rally beyond 1.4253 and towards falling channel hurdle of 1.4277-1.4275.

On the other hand, a rejection at 1.4229 would result in a drop to 1.4184-1.4180 lvls.


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