GBPUSD WATCHING MACD DIVERGENCE
The British pound has surged above the 1.3100 level against the US dollar after the US mid-term elections results caused the greenback to sell-off across the board. The GBPUSD pair is strongly bullish while trading above the 1.3100 level, with the 1.3200 level the next large resistance barrier ahead. Caution is advised, as the GBPUSD pair is showing negative MACD price divergence on the one-hour time frame.
The GBPUSD pair is strongly bullish while trading above the 1.3100 level, key resistance is now found at the 1.3145 and 1.3200 levels.
If the GBPUSD pair moves below the 1.3100 level, sellers may test towards the 1.3060 and 1.3040 support levels.