GBPUSD Analysis Sept 26, 2021
We are looking for a swing trade so I will utilize the weekly and 4 hour timeframes to make my decisions. On the weekly timeframe we look for three things in particular which are our key levels, patterns and candlestick analysis. On the 4 hour timeframe we focus on using most of our technicals which is including fibonacci, support and resistance , supply and demand zones, market structure, candlestick analysis etc.
On the weekly timeframe we can see that price is descending to the downside but seeing some resistance at the 1.36000 support level. I am anticipating price to keep going to the downside but we may see a retracement here.
On the H4 timeframe we saw a break of resistance at the 1.36660 level and I will be looking or price to find support at this level and go to the upside here.
On the weekly timeframe we can see that price is descending to the downside but seeing some resistance at the 1.36000 support level. I am anticipating price to keep going to the downside but we may see a retracement here.
On the H4 timeframe we saw a break of resistance at the 1.36660 level and I will be looking or price to find support at this level and go to the upside here.