FX.co ★ GBP/USD update for March 14, 2022 - Bull divergence and potential for bigger rally

Technical analysis:

GBP/USD has been trading downside last week but I see today and in the next period potential for the bigger rally.

Trading recommendation:

Due to bullish divergence momentum in the background, I see potential for the upside movement towards upper references.

My advice is to watch for buying opportunities with the upside objectives at 1.3180 and 1.3275.

MACD is showing bullish divergence on both fast and slow lines, which is good sign for further rally.

Support is set at the price of 1.3010