GBPUSD 4H : Under sell pressure
GBPUSD
New forecast
The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2106 barrier, reinforcing expectations of a continuation of the bearish trend during the coming period, and the way is open to achieving our expected negative target at 1.2062, noting that breaking it will extend the bearish wave to reach the 1.2016 areas in the near term.
The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2122, as breaching this level represents a positive factor that will lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.2122 and support line 1.2062.
Additionally ,Today News will affect the market .
support line : 1.2062 , 1.2016
resistance line : 1.2106 , 1.2122
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2106 barrier, reinforcing expectations of a continuation of the bearish trend during the coming period, and the way is open to achieving our expected negative target at 1.2062, noting that breaking it will extend the bearish wave to reach the 1.2016 areas in the near term.
The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2122, as breaching this level represents a positive factor that will lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.2122 and support line 1.2062.
Additionally ,Today News will affect the market .
support line : 1.2062 , 1.2016
resistance line : 1.2106 , 1.2122
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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