GBPUSD- 24Feb2022
On the daily, price is looking to retest 50MA support around 1.3515.
On the H4, price dropped below 61.8% Fib support at 1.35450 and all 3 MAs. Overall, GBP is still consolidating in the parallel channel. With Stochastic having room to drop lower till support, we could expect GBPUSD to drop to 1st Support at 1.34930 before a bounce occurs.
This is for personal record purposes only, not financial advise or solicitation of trade.