GBPUSD 4h Analysis April 20th, 2021
GU is ranging for quite sometime now. We are currently at the resistance where the market tested it multiple times and we want to see a clear bearish candlestick pattern on lower timeframe before going short. But if momentum shifts and it breaks above our bias would be long to target the next 4h POI (point of interest). So as of now our bias is still short and would target the previous support.
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.