GBP/USD is moving towards a breakout point within a rising wedge
GBP/USD is moving towards a breakout point within a rising wedge on the daily chart. Expect bearish RSI divergence, ultimately reinforcing the case for the downside.
The Momentum indicator hovers within negative levels while the RSI stabilized around 50, leaving a short-term neutral-to-bearish stance, which needs confirmation with a break of the 1.3180 level.
Support levels: 1.3180 1.3140 1.3100
Resistance levels: 1.3265 1.3310 1.3350
The Momentum indicator hovers within negative levels while the RSI stabilized around 50, leaving a short-term neutral-to-bearish stance, which needs confirmation with a break of the 1.3180 level.
Support levels: 1.3180 1.3140 1.3100
Resistance levels: 1.3265 1.3310 1.3350