The pound jumps higher as the US dollar weakens across the board, post-NFP.
The bullish RSI divergence was a warning that the sell-off had lost steam.
The rally above 1.3820 suggests that sellers have started to take profit. Strong upward momentum is the first sign of a potential reversal. A bullish MA cross may attract more buyers to fuel the rebound.
The RSI is flirting with the overbought area. A break above 1.3930 would open the door to 1.4000. 1.3820 is the immediate support if the sterling falls back.
