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08mar22

GBPUSD- 08Mar2022GBPUSD- 08Mar2022 On the weekly, GBP dropped to 200MA support. On the daily, price broke below previous lows at 1.3180 pending confirmation. If price follow through and close today, we could expect price to go lower in the near term. On the H4, price is nearing previous triangle breakdown target at around 1.30500. Price could potentially drop to this level before short-term bounce occurs. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
DXY - 08Mar2022DXY - 08Mar2022 On the daily, price is both at upper channel and Stochastic resistance. On the H4, price action is indicating complex correction of wave count of (5)-(IV). Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future. But for today with Stochastic at resistance, we could expect price to start sideway consolidation. This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS