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Dec 30, 2021 2:14 AM

GBPUSD- 30Dec2021 

British Pound/U.S. DollarFXCM

Description

GBPUSD- 30Dec2021

On the daily, price managed to bounce back above 50MA and previous trendline resistance, pending confirmation.

On the H4 timeframe, price is playing out inverse h&s with price target at 1.36100. With RSI at resistance, we could expect a short-term pull back to 1st Support at 1.34265.

This is for personal record purposes only, not financial advise or solicitation of trade.
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