GBPUSD- 21Feb2022
On the daily, price is bouncing higher after last Friday's price action lower. It is definitely looking to bounce higher and retest the 200MA at 1.36830 in the near future.
On the H4, price rebounded back above the descending trendline after price action failed to close below. In accordance with the daily time frame, we could expect GBPUSD to bounce higher to 1st Resistance at 1.36645.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price is bouncing higher after last Friday's price action lower. It is definitely looking to bounce higher and retest the 200MA at 1.36830 in the near future.
On the H4, price rebounded back above the descending trendline after price action failed to close below. In accordance with the daily time frame, we could expect GBPUSD to bounce higher to 1st Resistance at 1.36645.
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.
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.