GBPUSD, H4
In the H4 timeframe, GBPUSD is on the correction after a decline, facing the critical 1.3000 resistance level.
The MFI oscillator shows a hidden bullish divergence, however, the 100-MA gives an additional layer of resistance for the asset, so the mixed sentiment is on the chart:
- If the price breaks above the 1.3000 resistance, it will rise to 1.3160 and the golden Fibonacci pocket.
- However, if GBPUSD bounces from the resistance zone, the asset may fall to 1.2860 support.
