GBPUSD- 18Feb2022
On the daily, price definitely wants to retest the 200MA at 1.3688 in the near future.
On the H4, price bounced back above the long-term descending trendline. As H1 Stochastic is also coming into support, we could expect price to find demand from the trendline and 1st Support at 1.36020 for further upside to 1st Resistance at 1.36645.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price definitely wants to retest the 200MA at 1.3688 in the near future.
On the H4, price bounced back above the long-term descending trendline. As H1 Stochastic is also coming into support, we could expect price to find demand from the trendline and 1st Support at 1.36020 for further upside to 1st Resistance at 1.36645.
This is for personal record purposes only, not financial advise or solicitation of trade.