GBPUSD- 25Apr2022
On the weekly, GBPUSD has been moving lower after it has confirmed below 200MA. On the daily, GBPUSD broke major support at 1.3000 last Friday. With such bearish momentum, price could potentially drop lower today to gap fill support at 1.27410.
On the H4, bearish momentum is strong and we could potentially expect it to continue lower to 1st Support + gap fill around 1.27320 - 1.27410. Also noting H4 RSI and Stochastic are at support.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
On the weekly, GBPUSD has been moving lower after it has confirmed below 200MA. On the daily, GBPUSD broke major support at 1.3000 last Friday. With such bearish momentum, price could potentially drop lower today to gap fill support at 1.27410.
On the H4, bearish momentum is strong and we could potentially expect it to continue lower to 1st Support + gap fill around 1.27320 - 1.27410. Also noting H4 RSI and Stochastic are at support.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.