GBPUSD- 13Jan2022
On the daily, price is approaching 200MA. We could expect temporary pullback in GBPUSD.
On the H4 timeframe, price broke above descending trendline resistance and is approaching 1st Resistance at 1.37310. Due to higher timeframe resistance, we could expect GBPUSD to face bearish pressure at this level and pull back to retest the trendline. RSI is also indicating resistance where previous drops occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price is approaching 200MA. We could expect temporary pullback in GBPUSD.
On the H4 timeframe, price broke above descending trendline resistance and is approaching 1st Resistance at 1.37310. Due to higher timeframe resistance, we could expect GBPUSD to face bearish pressure at this level and pull back to retest the trendline. RSI is also indicating resistance where previous drops occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.