GBPUSD quietly falling
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GBPUSD 4H NEW FORECAST
The GBP/USD pair presented quite negative trading yesterday to test the moving average 50, which forms minor support at 1.2635, waiting to exceed this level to open the way to achieving our main awaited target at 1.2590.
Therefore, we continue to favor the downward trend in the immediate term, which depends on stability below the 1.2720 level, noting that breaking the target level will extend the downward wave to reach the 1.2460 area in the near term.
The expected trading range for today is between support 1.2580 and Resistance 1.2720
GBPUSD 4H NEW FORECAST
The GBP/USD pair presented quite negative trading yesterday to test the moving average 50, which forms minor support at 1.2635, waiting to exceed this level to open the way to achieving our main awaited target at 1.2590.
Therefore, we continue to favor the downward trend in the immediate term, which depends on stability below the 1.2720 level, noting that breaking the target level will extend the downward wave to reach the 1.2460 area in the near term.
The expected trading range for today is between support 1.2580 and Resistance 1.2720
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