GBPUSD- 17Jan2022
On the weekly, price flirted with the 50MA. On the daily, price faced bearish pressure from the 200MA and dropped to close lower last Friday.
On the H4 timeframe, price is at intersection of 2 long-term trendline. As Stochastic is also pulling back from resistance, we might see the price drop to 1st Support at 1.3590 first before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price flirted with the 50MA. On the daily, price faced bearish pressure from the 200MA and dropped to close lower last Friday.
On the H4 timeframe, price is at intersection of 2 long-term trendline. As Stochastic is also pulling back from resistance, we might see the price drop to 1st Support at 1.3590 first before bouncing higher.
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.