GBPUSD 4H : OUTLOOK
Updated
GBPUSD
New forecast
The price perfectly fulfills my last idea and price reached our target .
The pound sterling pair against the dollar was able to touch our expected target at 1.2135 and stabilize around it to support the chances of resuming the expected downward trend for the coming period, whose next target reaches 1.2030.
Therefore, we are awaiting further expected decline in the immediate and short term, taking into account that breaching 1.2171 will stop the negative scenario and lead the price to target the descending channel resistance around 1.2200 and 1.2240 before returning to the decline again.
Additionally ,Today News will affect the market .
support line : 1.2135 , 1.2100
resistance line : 1.2200 , 1.2239
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 price perfectly fulfills my last idea and price reached our target .
The pound sterling pair against the dollar was able to touch our expected target at 1.2135 and stabilize around it to support the chances of resuming the expected downward trend for the coming period, whose next target reaches 1.2030.
Therefore, we are awaiting further expected decline in the immediate and short term, taking into account that breaching 1.2171 will stop the negative scenario and lead the price to target the descending channel resistance around 1.2200 and 1.2240 before returning to the decline again.
Additionally ,Today News will affect the market .
support line : 1.2135 , 1.2100
resistance line : 1.2200 , 1.2239
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
GBPUSDUPDATE
As we said above 1.2171 the price will start to correction to 1.2200 and 1.2240
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