GBPUSD- 30Dec2021
On the daily, price managed to bounce back above 50MA and previous trendline resistance, pending confirmation.
On the H4 timeframe, price is playing out inverse h&s with price target at 1.36100. With RSI at resistance, we could expect a short-term pull back to 1st Support at 1.34265.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price managed to bounce back above 50MA and previous trendline resistance, pending confirmation.
On the H4 timeframe, price is playing out inverse h&s with price target at 1.36100. With RSI at resistance, we could expect a short-term pull back to 1st Support at 1.34265.
This is for personal record purposes only, not financial advise or solicitation of trade.