GBPUSD- 08Mar2022
GBPUSD- 08Mar2022
On the weekly, GBP dropped to 200MA support. On the daily, price broke below previous lows at 1.3180 pending confirmation. If price follow through and close today, we could expect price to go lower in the near term.
On the H4, price is nearing previous triangle breakdown target at around 1.30500. Price could potentially drop to this level before short-term bounce occurs.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, GBP dropped to 200MA support. On the daily, price broke below previous lows at 1.3180 pending confirmation. If price follow through and close today, we could expect price to go lower in the near term.
On the H4, price is nearing previous triangle breakdown target at around 1.30500. Price could potentially drop to this level before short-term bounce occurs.
This is for personal record purposes only, not financial advise or solicitation of trade.
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