GBP to the moon?
We can notice that the price in 4h has broken the upward trend that it had maintained until now, forming a choch, FVG and activating the marked areas to look for sales. Placing ourselves more in the present, it is obvious how the price has once again formed an upward trend which has been broken again
However, when going down in temporality we see that a lower low has not been able to form, doing a liquidity sweep and rising immediately (Note the marked divergence with the RSI)
That being said, it is very likely that we will see GBP break the 1.254-1.257 level and head towards filling the marked FVG before realizing that marked divergence with the RSI pushing GBP to form new lows.
However, when going down in temporality we see that a lower low has not been able to form, doing a liquidity sweep and rising immediately (Note the marked divergence with the RSI)
That being said, it is very likely that we will see GBP break the 1.254-1.257 level and head towards filling the marked FVG before realizing that marked divergence with the RSI pushing GBP to form new lows.
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