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GBP/USD Reversal Potential: Targeting 1.2870

GBP/USD Reversal Potential: Targeting 1.2870
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GBP/USD On Friday, the pound sterling rose almost 100 points, the price rose above the nearest peak from June 16. Conditions for forming a reversal divergence on the daily chart have been met. The pound can reach the target level of 1.2870.

 

 

gbp usd reversal potential targeting 1 2870 grafika numer 1gbp usd reversal potential targeting 1 2870 grafika numer 1

 

If the price consolidates above this level, the divergence will not form, and the price may continue to rise in the range of 1.3000/70 (this is a small consolidation in the second half of April 2022). The sign of a reversal is when the price settles below 1.2785. The current situation is uncertain.

gbp usd reversal potential targeting 1 2870 grafika numer 2gbp usd reversal potential targeting 1 2870 grafika numer 2

 

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On the four-hour chart, the price is rising above both indicator lines, the Marlin oscillator has turned down, but so far it looks like a discharge before it rises further.

 


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