GBP/USD Mid-term Analysis by ThinkingAntsOk
🔸 DAILY CHART EXPLANATION:
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🔸 Price is facing the Resistance Zone.
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🔸Also, above this zone, is the confluence zone between the two trendlines.
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🔸 In case of a bounce, we could see a bearish move towards the Support Zone, and, in case of a breakout the bullish move could reach the Resistance Zone.
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🔸 Will look for a lower timeframe setup when the direction is clear.
🔸 4H CHART ANALYSIS:
.
.
🔸 Price is facing the Resistance Zone.
.
🔸Also, above this zone, is the confluence zone between the two trendlines.
.
🔸 In case of a bounce, we could see a bearish move towards the Support Zone, and, in case of a breakout the bullish move could reach the Resistance Zone.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
🔸 4H CHART ANALYSIS:
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