GBPUSD- 14Apr2022
On the daily, GBPUSD is trying to bounce above the 20EMA
On the H4, GBPUSD bounced higher on the back of DXY pulling back. Price has also bounced and confirmed above 20EMA and 50MA. With H4 Stochastic at resistance, we could expect price to face bearish pressure from the 200MA + 1st Resistance at around 1.31570.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, GBPUSD is trying to bounce above the 20EMA
On the H4, GBPUSD bounced higher on the back of DXY pulling back. Price has also bounced and confirmed above 20EMA and 50MA. With H4 Stochastic at resistance, we could expect price to face bearish pressure from the 200MA + 1st Resistance at around 1.31570.
This is for personal record purposes only, not financial advise or solicitation of trade.