GBPUSD- 16Dec2021
On the H4 timeframe, price retested previous lows at 1.31680 from the FOMC volatility and bounced higher. With price action above 2 MAs and Stochastic indicating negative bullish divergence, we could expect it to bounce higher to 1st Resistance at 1.32955.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4 timeframe, price retested previous lows at 1.31680 from the FOMC volatility and bounced higher. With price action above 2 MAs and Stochastic indicating negative bullish divergence, we could expect it to bounce higher to 1st Resistance at 1.32955.
This is for personal record purposes only, not financial advise or solicitation of trade.