GBPUSD- 25Oct2021
On the weekly timeframe, price action last week bounced higher but pull back forming a doji candle. It is now in resistance from 20EMA and 50MA.
On the H4 timeframe, price pulled back last Friday to Support at 1.3742 and has now rebounded. It could face further bearish pressure from 1st Resistance at 1.37845 from 20EMA and breakdown trendline.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly timeframe, price action last week bounced higher but pull back forming a doji candle. It is now in resistance from 20EMA and 50MA.
On the H4 timeframe, price pulled back last Friday to Support at 1.3742 and has now rebounded. It could face further bearish pressure from 1st Resistance at 1.37845 from 20EMA and breakdown trendline.
This is for personal record purposes only, not financial advise or solicitation of trade.