GBPUSD 30min Analysis December 10th, 2020
Price is respecting the 200MA on the 30min timeframe as resistance. We are looking for a clear LH to form around the .618 fib level, previous support trendline, and below the 200MA. A lot of confluence in that zone of 1.336. Look to enter on any bearish engulfing/variation. Our first TP target will be the weekly level and the -.272 at 1.322