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06jan22

GBPUSD- 06Jan2022GBPUSD- 06Jan2022 On the daily, price have bounced to the channel trendline resistance. We could expect some bearish pressure from here. On the H4 timeframe, price has achieved its inverse h&s target around 1.3600. Due to the above 2 factors, we could expect the price to pull back to 1st Support at 1.34740. Stochastic is also indicating negative bearish divergence for a pullback. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS