GBPUSD- 14Feb2022
On the weekly, last week price was able to confirm above the 20EMA. On the daily, it has been 2 days since GBPUSD faced bearish pressure at 1.3600. Hence, there is further bias that price could drop lower to 1st Support at 1.34670
On the H4, price once again faced bearish pressure from 1.3600 level and the descending trendline. 1.3530 remains the crucial pivot level where closing below will cause trades to sell GBPUSD to 1st Support at 1.34930.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, last week price was able to confirm above the 20EMA. On the daily, it has been 2 days since GBPUSD faced bearish pressure at 1.3600. Hence, there is further bias that price could drop lower to 1st Support at 1.34670
On the H4, price once again faced bearish pressure from 1.3600 level and the descending trendline. 1.3530 remains the crucial pivot level where closing below will cause trades to sell GBPUSD to 1st Support at 1.34930.
This is for personal record purposes only, not financial advise or solicitation of trade.
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