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GBPUSD Is Showing Reverse Bullish Divergence In A Downtrend

Discussion in 'Technical Analysis' started by Kaitlin, May 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The GBPUSD Construction PMI results and renewed concerns over Brexit have weighted down on the pair and it dropped touching the important level 1.1465 making a double bottom. Double bottom rejected the price and we can see so called Exaggerated or Reverse bullish divergence. If the price is making a[​IMG]

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