dRends35

GBPUSD - Bounce Retracement

dRends35 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD looks to be reversing here.

  • Spinning top reversal on lower channel trendline.

  • Price breaking through downward trendline, finding support and now bouncing from TL.

  • Bullish divergence.

  • DXY probably reversing also.

I'll be interested to short this again in the RSI 60-70 area where 3 previous peaks have reversed if it gets there.

Not advice.
Comment:
Bit early on this one.
Comment:
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