GBP/USD is showing early signs of a reversal this week. The 4H chart shows a few bearish signs: 1) A break below 1.6760 support pivot. 2) A break below the moving averages (200,100, 50) 3) A break below a rising trendline support that came up from the March low of 1.6455. 4) The RSI dipped below 30. If the market is in bearish development, it is in the early stage. If we get a meaningful pullback that fizzes for example before 1.69, then bears will gain confidence, and open up the next support levels: S1: 1.6650 S2: 1.6545 S3: 1.6455 Also, if the RSI pulls back but fails to break above 60, then turns back down, it ... (full story)