GBP/USD Technical Analysis: ticking higher in Asia, but 4H bear RSI divergence is still valid
The GBP/USD pair is currently trading at 1.3086, having hit a low of 1.3056 earlier today. The uptick, however, could run into offers as the bearish divergence of the RSI on the 4-hour chart is still valid.
4-hour chart
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- As seen above, the RSI began charting lower highs as opposed to higher high in price (bearish divergence) on Jan. 23. That bearish signal would be invalidated only above 1.3218.
- The 5- and 10-candle MAs produced a bear crossover earlier today and are now trending south.
- The RSI is now reporting bearish conditions below 50.00.
- As a result, the 50-candle MA support, currently at 1.3029, could come into play during the day ahead.
Trend: bearish
GBP/USD
Overview:
Today Last Price: 1.3088
Today Daily change: 11 pips
Today Daily change %: 0.08%
Today Daily Open: 1.3077
Trends:
Daily SMA20: 1.2889
Daily SMA50: 1.2777
Daily SMA100: 1.29
Daily SMA200: 1.3054
Levels:
Previous Daily High: 1.32
Previous Daily Low: 1.3051
Previous Weekly High: 1.3214
Previous Weekly Low: 1.283
Previous Monthly High: 1.284
Previous Monthly Low: 1.2477
Daily Fibonacci 38.2%: 1.3108
Daily Fibonacci 61.8%: 1.3143
Daily Pivot Point S1: 1.3019
Daily Pivot Point S2: 1.296
Daily Pivot Point S3: 1.287
Daily Pivot Point R1: 1.3168
Daily Pivot Point R2: 1.3258
Daily Pivot Point R3: 1.3317