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Analysis of #GBPUSD
With the dollar reigning supreme while risk sentiment deteriorates I find the setup interesting,
as you can see we have price resting above SMA for the third day, I don't trade SMA but I know many traders do trade it or follow it that's why it means something here
we have trend line support holding the price as well
we have the price entering the support zone which previously was a resistance
But, i will wait for next week news regarding London new lockdown and how the pair will react if this happens then decic how will execute
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Analysis of #GBPUSD
With the dollar reigning supreme while risk sentiment deteriorates I find the setup interesting,
as you can see we have price resting above SMA for the third day, I don't trade SMA but I know many traders do trade it or follow it that's why it means something here
we have trend line support holding the price as well
we have the price entering the support zone which previously was a resistance
But, i will wait for next week news regarding London new lockdown and how the pair will react if this happens then decic how will execute
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
