The 200-hour MA at 0.6162 and the high of a swing area are stalling the fall near 0.61625 |
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Watch the levels. The resistance might be temporary, we need to wait and see but this is a junction area to watch for sellers to come in.
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0:00 Fundamental Outlook.
1:30 Technical Analysis with Optimal Entries.
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Website: https://www.forexlive.com/
Twitter: https://twitter.com/ForexLive
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After weeks of back and forth, GBPUSD finally breaks below crucial support levels, raising concerns of further downside movement next week.
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The 100 bar MA on the 4 hour chart stalls the rally in trading today. A swing area on the downside provides support.
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#usdjpy #forex #technicalanalysis
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Topics covered in the video:
0:00 Fundamental Outlook.
2:04 Technical Analysis with Optimal Entries.
3:32 Upcoming Economic Data.
———————————————————————-
Website: https://www.forexlive.com/
Twitter: https://twitter.com/ForexLive
Facebook: https://www.facebook.com/forexlive/
Telegram: https://t.me/forexlive
#trading #daytrading #fundamentalanalysis
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