GBPUSD- 02Mar2022
On the daily, both 20EMA and 50MA have crossed over for more bearish pressure.
On the H4, GBP broke down from triangle pattern with further downside target to around 1.30500. On H1, price have broke below ascending trendline. If price bounces back to retest this trendline, we could expect further bearish pressure to 1st Support at 1.32525.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, both 20EMA and 50MA have crossed over for more bearish pressure.
On the H4, GBP broke down from triangle pattern with further downside target to around 1.30500. On H1, price have broke below ascending trendline. If price bounces back to retest this trendline, we could expect further bearish pressure to 1st Support at 1.32525.
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.