GBPUSD- 07Feb2022
On the daily, price dropped back to 20MEA + trendline support. Price could potentially bounce higher from current level to retest 1.3700 level.
On the H4, price is taking a breather in between 20EMA and 200MA. With reference to H1, price could drop a bit lower to retest 200MA at 1.3490 before bouncing up higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price dropped back to 20MEA + trendline support. Price could potentially bounce higher from current level to retest 1.3700 level.
On the H4, price is taking a breather in between 20EMA and 200MA. With reference to H1, price could drop a bit lower to retest 200MA at 1.3490 before bouncing up higher.
This is for personal record purposes only, not financial advise or solicitation of trade.