GBP/USD could be in for a minor bounce possibly to 1.2880-1.29, as the previous 4-hour candle closed on a positive note, confirming a bullish divergence (higher lows) on the 4-hour chart RSI. 

A break below 1.2845 would invalidate the positive divergence of the RSI. 

4-hour chart

Trend: corrective bounce

    1. R3 1.3033
    2. R2 1.2992
    3. R1 1.2927
  1. PP 1.2886
    1. S1 1.2821
    2. S2 1.278
    3. S3 1.2715
Updated Feb 11, 00:00 GMT

 

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