GBPUSD 4H (Outlook)
GBPUSD
OUTLOOK
The dollar's gains against the British pound and the euro continued, after the European Union's single currency was sold against the dollar since yesterday on the back of negative data for industrial production in Germany, the bloc's largest economy, as it shrank significantly beyond expectations.
Currently , as long as price trade above support zone 1.2603 -1.2650 the chance of rise up increase but to confirm that should stable above 1.2850 and then will try to reach 1.2998 , 1.3138
As for renewing the bearish attempts , this requires the price to consolidation under 1.2603 and then will try to reach 1.2537 and 1.2467
I expect trading range for today it will be between 1.2814 and 1.2650
support line : 1.2650 , 1.2603
resistance line : 1.2814 , 1.2850
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
OUTLOOK
The dollar's gains against the British pound and the euro continued, after the European Union's single currency was sold against the dollar since yesterday on the back of negative data for industrial production in Germany, the bloc's largest economy, as it shrank significantly beyond expectations.
Currently , as long as price trade above support zone 1.2603 -1.2650 the chance of rise up increase but to confirm that should stable above 1.2850 and then will try to reach 1.2998 , 1.3138
As for renewing the bearish attempts , this requires the price to consolidation under 1.2603 and then will try to reach 1.2537 and 1.2467
I expect trading range for today it will be between 1.2814 and 1.2650
support line : 1.2650 , 1.2603
resistance line : 1.2814 , 1.2850
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.