GBPUSD- 17Mar2022
On the H4, price bounced higher after the Fed released the interest rate. Typical sell the news even during quadruple witching week. With H1 price action achieving inverse h&s target + H4 Stochastic at resistance , we could expect GBPUSD to face bearish pressure from 1st Resistance at 1.31755 before bouncing higher to test daily 1st Resistance at 1.32360.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4, price bounced higher after the Fed released the interest rate. Typical sell the news even during quadruple witching week. With H1 price action achieving inverse h&s target + H4 Stochastic at resistance , we could expect GBPUSD to face bearish pressure from 1st Resistance at 1.31755 before bouncing higher to test daily 1st Resistance at 1.32360.
This is for personal record purposes only, not financial advise or solicitation of trade.