GBPUSD Daily Analysis
W - Bullish, price has been in a strong uptrend. looks to be retracing to the 1.35 area
D - neutral, price rejected off of the 1.36 area a few times and this last time is showing signs of continuing bearish but I will wait for a clearer move to choose a bias
4 - Bearish, price rejected off of the level then found resistance at a minor support
1 - Bearish, price found support a little above the 1.37 area
DXY - neutral, potential fake out
Scalping entries -
price broke the support area, I will be looking to take a short at on the retest if a rejection candle is printed
D - neutral, price rejected off of the 1.36 area a few times and this last time is showing signs of continuing bearish but I will wait for a clearer move to choose a bias
4 - Bearish, price rejected off of the level then found resistance at a minor support
1 - Bearish, price found support a little above the 1.37 area
DXY - neutral, potential fake out
Scalping entries -
price broke the support area, I will be looking to take a short at on the retest if a rejection candle is printed
Penafian
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