GBPUSD is Bearish

٢٢ يوليو

Price was in a strong uptrend and respecting an ascending trendline, however the bullish RSI divergence on four hourly time frame, not only led to the break of trendline but also previous higher low. Now the price has printed a lower low and once it defines a lower high it would continue its movement downside. Targets are mentioned on the chart.