GBP/USD finding support at rising channel level

Hourly chart

GBPUSD H1 (03-30-2016 1659).png

Technically speaking, sterling’s repeated failure to dip below channel support has left doors open for a relook at 1.4451, a violation at the same would expose 1.4475 hurdle.

However, the hourly RSI is diverging from price chart and thus a break below channel support now seen at 1.43894 would open doors for a slide to 1.4326 levels.

 

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