GBPUSD- 25Jan2022
On the daily, price sliced through 20EMA with ease after UK Services & Manufacturing PMI both came in lower than expected yesterday.
On the H4, price found support at 200MA and bounced around 1.34375. With Stochastic at oversold and support level, we could expect price to hold 1st Support and have a short-term bounce to 1st Resistance at 1.35130.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price sliced through 20EMA with ease after UK Services & Manufacturing PMI both came in lower than expected yesterday.
On the H4, price found support at 200MA and bounced around 1.34375. With Stochastic at oversold and support level, we could expect price to hold 1st Support and have a short-term bounce to 1st Resistance at 1.35130.
This is for personal record purposes only, not financial advise or solicitation of trade.