• GBP/USD: Large divergence of the daily RSI – Commerzbank

Noticias del mercado

5 septiembre 2019

GBP/USD: Large divergence of the daily RSI – Commerzbank

Karen Jones, an analyst at Commerzbank, notes that GBP/USD’s recent slide into 35-month lows was accompanied by a large divergence of the daily RSI.

  • “It also has not closed below 1.2000 and we have seen as sizeable bounce higher. Rallies will need to overcome the 55-day ma at 1.2343 – this protects the June high at 1.2784. Below 1.1958 (3rd September low) lies the 1.1491 3rd October low (according to CQG).
  • Only a rise above the June high at 1.2784 would indicate that a bottom is being formed (not favoured).”

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