GBPUSD- 04Feb2022
GBPUSD- 04Feb2022
On the daily, price managed to confirm above 20EMA, 50MA and descending trendline. Price looks like it could bounce higher to retest 1.3700 level in the near future.
On the H4, price is facing bearish pressure at 61.8% Fib resistance. With Stochastic at resistance, we could expect price to pullback to at least 1st Support at 1.35645.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price managed to confirm above 20EMA, 50MA and descending trendline. Price looks like it could bounce higher to retest 1.3700 level in the near future.
On the H4, price is facing bearish pressure at 61.8% Fib resistance. With Stochastic at resistance, we could expect price to pullback to at least 1st Support at 1.35645.
This is for personal record purposes only, not financial advise or solicitation of trade.
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