GBP/USD-4 Hour time frame analysis

2020-02-12 22:00:30

Hello everyone!

-I have noticed that price retested few times on resistance line and price continued moving in bearish direction.
-We can wait and see will price retest that line again or we can expect continuation of bearish movement.
-We can expect retest and continuation in bearish direction or we can expect breakout and continuation in bullish direction.
-On 4 hour base GBP is weaker than USD and on daily base GBP is still weaker than USD.
-If GBP and USD remain on same level we can expect continuation of bearish movement.
-If GBP gain some power and USD lose its power we can expect bullish movement.

-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!

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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial