GBPUSD- 18Apr2022
On the weekly, GBPUSD faced bearish pressure from the 200MA. It is highly possible for GBPUSD to continue further downside this week.
On the H4, price have pulled back to 61.8% retracement. Price is expect to continue dropping till H4 Stochastic comes into support. If price closes below 78.6% at around 1.30102, we should expect further downside.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, GBPUSD faced bearish pressure from the 200MA. It is highly possible for GBPUSD to continue further downside this week.
On the H4, price have pulled back to 61.8% retracement. Price is expect to continue dropping till H4 Stochastic comes into support. If price closes below 78.6% at around 1.30102, we should expect further downside.
This is for personal record purposes only, not financial advise or solicitation of trade.