FX.co ★ GBP/USD 11.07.2019 - Important support level at the price of 1.2800 is on the test, big decision level

GBP is at the major multi pivot support at the price of 1.2800. The zone from 1.2800-1.2780 would be critical for the direction of GBP. Watch for the price action reaction around this critical multi-pivot support in order to confirm further direction.

For the downside you would need:

I would like to see the breakout below 1.2788 and consolidation after the breakout in order to confirm eventual test of 1.2705 .

For the upside you would need:

I would watch for potential bull divergence on the lower frames in order to confirm potential upside rotation and test of 1.2960

MACD oscillator is showing neutral stance and contraction in momentum