GBPUSD- 10Jan2022
On the weekly, price successfully bounced above 20EMA towards the descending trendline. It might continue to face resistance at this level
On the H4 timeframe, price rebounded back to its inverse h&s target around 1.3600. The ascending trendline remains the key support as GBPUSD grinds higher. If price broke below the trendline, we could expect it to drop to 1st Support at 1.34740.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price successfully bounced above 20EMA towards the descending trendline. It might continue to face resistance at this level
On the H4 timeframe, price rebounded back to its inverse h&s target around 1.3600. The ascending trendline remains the key support as GBPUSD grinds higher. If price broke below the trendline, we could expect it to drop to 1st Support at 1.34740.
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.