GBPUSD- 29Nov2021
On the weekly, GBPUSD dropped to 1st Support at 1.32760 before bouncing back. We could expect a short-term bounce this week.
On the H4 timeframe, prices are consolidating below 20EMA after a bounce from intersection of 2 descending trendlines support. Once price can close above 20EMA, we could expect it to bounce higher to 1st Resistance at 1.33960.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, GBPUSD dropped to 1st Support at 1.32760 before bouncing back. We could expect a short-term bounce this week.
On the H4 timeframe, prices are consolidating below 20EMA after a bounce from intersection of 2 descending trendlines support. Once price can close above 20EMA, we could expect it to bounce higher to 1st Resistance at 1.33960.
This is for personal record purposes only, not financial advise or solicitation of trade.