GBPUSD still Bullish
GBPUSD still bullish unless it closes below today's candle.
On the daily chart; a close of the candle below the ascending channel and below the 50 EMA would signal a reversal of the uptrend that started end of September 2020.
On the other hand, a bounce back and close above the 50 EMA and in the ascending channel will confirm the continuation of the uptrend.
Its a simple and clean chart.
On the daily chart; a close of the candle below the ascending channel and below the 50 EMA would signal a reversal of the uptrend that started end of September 2020.
On the other hand, a bounce back and close above the 50 EMA and in the ascending channel will confirm the continuation of the uptrend.
Its a simple and clean chart.
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