danielbtrading

Backbone - Support

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FOREXCOM:GBPUSD   ポンド/米ドル
Looking at the 4 hour chart on GBPUSD, going to see this backbone out long term. We can see several points of support across the trend line, along with a supportive price point from previous low highs. Id expect with the election and a seemingly likely overtake from Biden a weaken in the dollar which will only help this movement, however the UK going into the second lockdown could do just as much damage. Although fundamentals have an impact, we must worry about them at that moment and continue to go off what we see and know!

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