The GBPUSD Construction PMI results and renewed concerns over Brexit have weighted down on the pair and it dropped touching the important level 1.4665 making a double bottom. Double bottom rejected the price and we can see so called Exaggerated or Reverse bullish divergence. If the price is making a double bottom-ish price while at the same time oscillator is making a higher low as we can see on the chart, we say that Reverse Divergence has been formed. If the price breaks an X cross (blue
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