GBPUSD Still Bearish, weekly close at monthly MA50
GBPUSD
1D TF
Bearish
Weekly close price: 1.31765
Monthly MA 50 1.31765
Previous Support Zone: 1.29814-1.31858 (likely new resistance)
Close price below Daily MA200 (Shorting bias)
KAJU X: still below 0.00
RSI: <50.00
KAJU Fusion: still in bear zone
Previous resistance: 1.34116-1.35149
Next Support Zone: 1.26617-1.28135
Watch out for 1D MA20. If the price close above MA20, likely will test the previous resistance.
Look for opportunities to short. Refer to chart trade idea (KAJU Fusion)
No clear view of Long Strength yet.
1D TF
Bearish
Weekly close price: 1.31765
Monthly MA 50 1.31765
Previous Support Zone: 1.29814-1.31858 (likely new resistance)
Close price below Daily MA200 (Shorting bias)
KAJU X: still below 0.00
RSI: <50.00
KAJU Fusion: still in bear zone
Previous resistance: 1.34116-1.35149
Next Support Zone: 1.26617-1.28135
Watch out for 1D MA20. If the price close above MA20, likely will test the previous resistance.
Look for opportunities to short. Refer to chart trade idea (KAJU Fusion)
No clear view of Long Strength yet.