After rebounding from and old low support level of 1.2703 we now fighting for support at bottom end of the cloud.
Top end of the cloud on 4H is key rebound zones in the new uptrend on a 4H chart.
Monday, 5 November 2018
GBPUSD: Fighting for support at cloud chart level!
GBPUSD: Fighting for support at cloud chart level at bottom end of the cloud: 1.2979!
After rebounding from and old low support level of 1.2703 we now fighting for support at bottom end of the cloud.
On the weekly chart there is a major support zone at 1.2815! Price action is below the cloud , and this is bearish overall. But there is the medium term trade for a rally back up to the bottom of the cloud chart resistance zone!
We back above the top end of the 4 hour cloud chart. This is good news if you long GBPUSD.
Top end of the cloud on 4H is key rebound zones in the new uptrend on a 4H chart.
Key levels to watch on GBPUSD 4 hour chart are 1.29/1.2942 cloud chart support zones! Can see support come in here, and the a move higher.
After rebounding from and old low support level of 1.2703 we now fighting for support at bottom end of the cloud.
Top end of the cloud on 4H is key rebound zones in the new uptrend on a 4H chart.
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