GBPUSD 4H : Still bullish
Updated
GBPUSD
New forecast
The price perfectly fulfills my last idea and price reached to our second targets +60 pip and still running .
The pound sterling pair against the dollar succeeded in achieving our second target at 1.2604, which enhances expectations that the bullish corrective trend will continue to dominate, paving the way for a rush towards the next target that reaches 1.2646 and 1.2700.
Therefore the upward trend scenario will remain effective, keeping in mind that breaking 1.2534 and holding below it will stop the proposed rise and put pressure on the price to turn lower.
The expect range trading for today it will be between the resistance line 1.2700 and support line 1.2574.
Additionally ,Today News will affect the market .
support line : 1.2570 , 1.2534
resistance line : 1.2646 , 1.2700
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New forecast
The price perfectly fulfills my last idea and price reached to our second targets +60 pip and still running .
The pound sterling pair against the dollar succeeded in achieving our second target at 1.2604, which enhances expectations that the bullish corrective trend will continue to dominate, paving the way for a rush towards the next target that reaches 1.2646 and 1.2700.
Therefore the upward trend scenario will remain effective, keeping in mind that breaking 1.2534 and holding below it will stop the proposed rise and put pressure on the price to turn lower.
The expect range trading for today it will be between the resistance line 1.2700 and support line 1.2574.
Additionally ,Today News will affect the market .
support line : 1.2570 , 1.2534
resistance line : 1.2646 , 1.2700
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
GBPUSD
Update
The price perfectly fulfills my last idea and price reached to our first target +40 pip.
The GBP/USD pair shows a new upward trend after reaching our target and rebounding from it in an attempt to resume the upward corrective trend, and we believe that the way is open to achieving our next target at 1.2646 and 1.2700.
Therefore the upward scenario will be remain valid and effective during coming period ,Moving average 50 continues to support the expected bullish wave, with a reminder that the continuation of the bullish trend depends on stability above the 1.2534 level.
The expect range trading for today it will be between the resistance line 1.2700 and support line 1.2574.
Additionally ,Today News will affect the market .
support line : 1.2570 , 1.2534
resistance line : 1.2646 , 1.2700
Attention : we don't have any group in telegram be careful about scammers.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
GBPUSD
Update
The price perfectly fulfills my last idea and price reached to our second targets +65 pip .
The pound sterling pair against the dollar rose significantly positively yesterday, succeeding in achieving our expected target at 1.2700, and the way appears open to surpassing the level of 1.2727 and opening the way to achieve further rise during the coming sessions, noting that the next target reaches 1.2788 and extends to 1.2880.
Therefore, we continue to favor the uptrend in the immediate and short term, supported by moving average 50 that is continue to support the price to rise up ,taking into account that failure to breach 1.2727 will put pressure on the price to bounce downwards to do a retest and head to test the 1.2604 areas before any new attempt to rise.
The expect range trading for today it will be between the resistance line 1.2880 and support line 1.2604.
Additionally ,Today News will affect the market .
support line : 1.2646 , 1.2604
resistance line : 1.2700 , 1.2727
Attention : we don't have any group in telegram be careful about scammers.
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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