GBPUSD- 15Feb2022
On the daily, price dropped and bounced from the long-term descending trendline. Price action is mixed for now and we should wait for further clarification for the time being.
On the H4, price initially closed below the pivot but met strong demand from the 1st Support at 1.3500 area. It have however confirmed below all the 3 MAs, we could expect it to drop and retest the 1.3500 area today.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price dropped and bounced from the long-term descending trendline. Price action is mixed for now and we should wait for further clarification for the time being.
On the H4, price initially closed below the pivot but met strong demand from the 1st Support at 1.3500 area. It have however confirmed below all the 3 MAs, we could expect it to drop and retest the 1.3500 area today.
This is for personal record purposes only, not financial advise or solicitation of trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.