GBPUSD reached strong resistance
last days price broke a trend line and a support level and went under it
now we have a pullback on 4h chart
here on 1.3722 we have a previous trend line and a support level which were broken earlier and shifted to a good resistance that price had reaction to it multiple times
now this bearish trend line , our resistance level and 50 moving average made a pretty good resistance zone for price to fall from after touching it
we have the same trend line and resistance scenario on the RSI
I think it's a good zone for bears
THIS IS JUST AN ANALYSIS...
now we have a pullback on 4h chart
here on 1.3722 we have a previous trend line and a support level which were broken earlier and shifted to a good resistance that price had reaction to it multiple times
now this bearish trend line , our resistance level and 50 moving average made a pretty good resistance zone for price to fall from after touching it
we have the same trend line and resistance scenario on the RSI
I think it's a good zone for bears
THIS IS JUST AN ANALYSIS...
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