GBPUSD 4H : Wait for breach the support zone
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GBPUSD
New forecast
The pound sterling pair against the dollar is trading with noticeable negativity as it approaches retesting the resistance area, which constitutes important support at 1.2312, and the price needs to consolidate below this level for the bearish scenario to remain effective, whose next target is at 1.2270 extend to 1.2192.
Therefore, we will continue to favor the downward trend, provided it remains below level 1.2312 for the coming period, taking into account that breaking 1.2321 will stop the expected decline and put pressure on the price to rise again.
The expect range trading for today it will be between the resistance line 1.2365 and support line 1.2270.
Additionally ,Today News will affect the market .
support line : 1.2312 , 1.2270
resistance line : 1.2321 , 1.2365
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 pound sterling pair against the dollar is trading with noticeable negativity as it approaches retesting the resistance area, which constitutes important support at 1.2312, and the price needs to consolidate below this level for the bearish scenario to remain effective, whose next target is at 1.2270 extend to 1.2192.
Therefore, we will continue to favor the downward trend, provided it remains below level 1.2312 for the coming period, taking into account that breaking 1.2321 will stop the expected decline and put pressure on the price to rise again.
The expect range trading for today it will be between the resistance line 1.2365 and support line 1.2270.
Additionally ,Today News will affect the market .
support line : 1.2312 , 1.2270
resistance line : 1.2321 , 1.2365
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade fermée: cible de profit atteinte
GBPUSD
UPDATE
The price perfectly fulfills my last idea and price reached to our target +60 pip and still running ...
The British pound against the dollar pair ended yesterday's trading below the level of 1.2321, falling under additional negative pressure expected during the coming sessions, targeting testing levels of 1.2215 and then 1.2192 as major negative stations.
Therefore, a bearish bias will be expected for today unless 1.2321 is breached and holds above it again, which will lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2192.
Additionally ,Today News will affect the market .
support line : 1.2215 , 1.2192
resistance line : 1.2312 , 1.2321
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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