GBPUSD- 06Dec2021
GBPUSD- 06Dec2021
On the weekly, prices have been on the bearish streak since closing below the trendline. It is now in the 1st Support area at 1.31780, we could expect a short term bounce from here.
On the H4 timeframe, price broke down from the descending wedge but have not yet confirmed. With RSI indicating negative bullish divergence , we could expect a bounce from here.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, prices have been on the bearish streak since closing below the trendline. It is now in the 1st Support area at 1.31780, we could expect a short term bounce from here.
On the H4 timeframe, price broke down from the descending wedge but have not yet confirmed. With RSI indicating negative bullish divergence , we could expect a bounce from here.
This is for personal record purposes only, not financial advise or solicitation of trade.
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