GBPUSD- 20Dec2021
On the daily, price bounce to 1st Resistance at 1.33220 and faced bearish pressure from the 20EMA.
On the H4 timeframe, price dropped back to 1.32400 area. With RSI at ascending trendline support, we could expect a short term bounce at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounce to 1st Resistance at 1.33220 and faced bearish pressure from the 20EMA.
On the H4 timeframe, price dropped back to 1.32400 area. With RSI at ascending trendline support, we could expect a short term bounce at this level.
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.