GBPUSD- 03Feb2022
GBPUSD- 03Feb2022
On the weekly, price is bouncing back above the 20EMA. On the daily, price managed to bounce back 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 nearing 61.8% Fib resistance. With Stochastic at resistance, price could bounce up to 1.36000 before facing bearish pressure for a short-term pullback.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price is bouncing back above the 20EMA. On the daily, price managed to bounce back 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 nearing 61.8% Fib resistance. With Stochastic at resistance, price could bounce up to 1.36000 before facing bearish pressure for a short-term pullback.
This is for personal record purposes only, not financial advise or solicitation of trade.
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