GBPUSD 4H : Uptrend
Updated
GBPUSD
New forecast
The GBP/USD pair faced additional negative pressure yesterday to break the 1.2406 level, and begins the day with further decline to reach the end point of the negative correction.
Therefore ,we still prefer the upward trend and still upward scenario will be remain valid supported by moving average 50that is continue to support the price to rise up and our target will be 1.2447 and extend to 1.2508 , taking into account that stabilized under 1.2365 will put the price under sell pressure and postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.2447 and support line 1.2365.
Additionally ,Today News will affect the market .
support line : 1.2365 , 1.2321
resistance line : 1.2447 , 1.2508
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New forecast
The GBP/USD pair faced additional negative pressure yesterday to break the 1.2406 level, and begins the day with further decline to reach the end point of the negative correction.
Therefore ,we still prefer the upward trend and still upward scenario will be remain valid supported by moving average 50that is continue to support the price to rise up and our target will be 1.2447 and extend to 1.2508 , taking into account that stabilized under 1.2365 will put the price under sell pressure and postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.2447 and support line 1.2365.
Additionally ,Today News will affect the market .
support line : 1.2365 , 1.2321
resistance line : 1.2447 , 1.2508
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
GBPUSDThe price perfectly fulfills my last idea and price reached to the near to our first target +40 pip . now to be continue at the bullish trend should stable above 1.2447 and then will help the price to reach the others targets .
Trade closed: target reached
GBPUSD
Update
The price perfectly fulfills my last idea and price reached to our targets +90 pip.
The pound sterling pair against the dollar bounced upward to breach the 1.2462 level, waiting for the price to rally and breach the 1.2534 level in an upward direction, on its way to visit the 1.2574 and 1.2604 levels.
Therefore the uptrend scenario will be remain valid and effective supported by The 50 moving average supports the price from below, enhancing expectations of a rise during the coming sessions, so our targets will be activate if price can stability above the 1.2534 level.taking into account that stabilized under 1.2447 will postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.2534 and support line 1.2447.
support line : 1.2416 , 1.2447
resistance line : 1.2508 , 1.2534
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 + 45 pip .
The British pound pair rose against the dollar yesterday and is trading with clear positivity, reaching the resistance level at 1.2534, waiting for the upward wave to stabilize above the resistance level and open the way to our goals at 1.2574, and breaching it will extend the upward wave to reach the 1.2640 level.
Therefore the upward scenario will be remain valid and effective during coming period Remembering the importance of stability above the 1.2534 to activate our targets , taking into account that stabilized under 1.2447 will postponed the bullish trend . so stabilized under 1.2508 will force the price to do a negative correction .
The expect range trading for today it will be between the resistance line 1.2534 and support line 1.2447.
Additionally ,Today News will affect the market .
support line : 1.2416 , 1.2447
resistance line : 1.2534 , 1.2574
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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