GBPUSD 4H : Support further rise up
GBPUSD
New forecast
The price perfectly fulfills my last idea and price reached to our first target + 65 pip .
The pound sterling pair against the dollar has resumed its previous trading to touch our first target at 1.2727, and is facing strong resistance there, as it shows some bearish bias now, waiting to gather positive momentum that will contribute to pushing the price to overcome this level and open the way for heading towards 1.2788 and 1.2880 as main targets.
Therefore the upward scenario will be remain valid and effective during coming period and we continue to favor the bullish trend in the immediate and short term with support from the moving average 50, keeping in mind that the continuation of the bullish wave requires stability above the 1.2560 level.
The expect range trading for today it will be between the resistance line 1.2727 and support line 1.2604.
support line : 1.2604 , 1.2534
resistance line : 1.2700 , 1.2727
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Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price perfectly fulfills my last idea and price reached to our first target + 65 pip .
The pound sterling pair against the dollar has resumed its previous trading to touch our first target at 1.2727, and is facing strong resistance there, as it shows some bearish bias now, waiting to gather positive momentum that will contribute to pushing the price to overcome this level and open the way for heading towards 1.2788 and 1.2880 as main targets.
Therefore the upward scenario will be remain valid and effective during coming period and we continue to favor the bullish trend in the immediate and short term with support from the moving average 50, keeping in mind that the continuation of the bullish wave requires stability above the 1.2560 level.
The expect range trading for today it will be between the resistance line 1.2727 and support line 1.2604.
support line : 1.2604 , 1.2534
resistance line : 1.2700 , 1.2727
Attention : We don't have any group in telegram be careful about scammer
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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