GBPUSD- 08Feb2022
On the daily, price bounced back to close above 20EMA. As long as price could stay above 20EMA and descending trendline, it could bounce higher to retest 1.3700 level this week.
On the H4, price have pulled back to 50% Fib support. If price action can close above 50MA on H1, we could expect it to bounce higher to 1st Resistance at 1.36045.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced back to close above 20EMA. As long as price could stay above 20EMA and descending trendline, it could bounce higher to retest 1.3700 level this week.
On the H4, price have pulled back to 50% Fib support. If price action can close above 50MA on H1, we could expect it to bounce higher to 1st Resistance at 1.36045.
This is for personal record purposes only, not financial advise or solicitation of trade.