GBPUSD around the moving average
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GBPUSD 4H NEW FORECAST
The price of the pound sterling against the dollar is hovering around the moving average 50, showing narrow-range trading in the past sessions, waiting for a negative incentive that will contribute to pushing the price to resume the expected downward trend for the coming period, whose goals begin with breaking 1.2515 to confirm the opening of the way towards heading towards 1.2480.
Stability below 1.2535 is important for the continuation of the expected decline, as breaching it represents the key to starting an upward wave targeting the 1.2561 areas in the near term.
Pivot Line : 1.2535
Resistance Line : 1.2561 , 1.2585 , 1.2624
Support Line : 1.2480 , 1.2460 , 1.2425
GBPUSD 4H NEW FORECAST
The price of the pound sterling against the dollar is hovering around the moving average 50, showing narrow-range trading in the past sessions, waiting for a negative incentive that will contribute to pushing the price to resume the expected downward trend for the coming period, whose goals begin with breaking 1.2515 to confirm the opening of the way towards heading towards 1.2480.
Stability below 1.2535 is important for the continuation of the expected decline, as breaching it represents the key to starting an upward wave targeting the 1.2561 areas in the near term.
Pivot Line : 1.2535
Resistance Line : 1.2561 , 1.2585 , 1.2624
Support Line : 1.2480 , 1.2460 , 1.2425
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