GBPUSD Bears In Town
Updated
Price has been in a range on Daily chart. If we break under the 200 ema there could a downtrend still.
Next support at 1.3600. Looking for a break and retest on lower time frames to enter for around 1.3750.
Have to pay attention to news this week. If price comes up above 1.3750 bullish momentum could bring price up to 1.3800 or Daily resistance for a break out move at 1.38796.
Will see what price does.
Next support at 1.3600. Looking for a break and retest on lower time frames to enter for around 1.3750.
Have to pay attention to news this week. If price comes up above 1.3750 bullish momentum could bring price up to 1.3800 or Daily resistance for a break out move at 1.38796.
Will see what price does.
Note
Price rejected 1.3600. could test 1.3800 or higher. if price doesn't break my trendline could see a fall downwards still . 1.3500-1.33885
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