GBPUSD- 06Jan2022
On the daily, price have bounced to the channel trendline resistance. We could expect some bearish pressure from here.
On the H4 timeframe, price has achieved its inverse h&s target around 1.3600. Due to the above 2 factors, we could expect the price to pull back to 1st Support at 1.34740. Stochastic is also indicating negative bearish divergence for a pullback.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price have bounced to the channel trendline resistance. We could expect some bearish pressure from here.
On the H4 timeframe, price has achieved its inverse h&s target around 1.3600. Due to the above 2 factors, we could expect the price to pull back to 1st Support at 1.34740. Stochastic is also indicating negative bearish divergence for a pullback.
This is for personal record purposes only, not financial advise or solicitation of trade.