GBPUSD
New Forecast
The pound sterling pair against the dollar continued to rise to reach the resistance of the descending channel that appears on the chart, and the day begins with additional positivity for the price to provide signs of an attempt to exceed this level, but we note that the technical indicators provide negative signals that may pressure the price to bounce down and return to the decline again.
Therefore, we prefer to remain neutral until we get a clearer signal for the next trend, noting that breaching 1.2173 will take the price out of the descending channel to begin an upward correction targeting the 1.2261 areas as a first main stop, while breaking 1.2108 will push the price to resume the main bearish trend and head towards... To visit the 1.2030 level initially.
The expect range trading for today it will be between the resistance line 1.2173 and support line 1.2108.
Additionally ,Today News will affect the market .
support line : 1.2108 , 1.2064
resistance line : 1.2173 , 1.2261
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 continued to rise to reach the resistance of the descending channel that appears on the chart, and the day begins with additional positivity for the price to provide signs of an attempt to exceed this level, but we note that the technical indicators provide negative signals that may pressure the price to bounce down and return to the decline again.
Therefore, we prefer to remain neutral until we get a clearer signal for the next trend, noting that breaching 1.2173 will take the price out of the descending channel to begin an upward correction targeting the 1.2261 areas as a first main stop, while breaking 1.2108 will push the price to resume the main bearish trend and head towards... To visit the 1.2030 level initially.
The expect range trading for today it will be between the resistance line 1.2173 and support line 1.2108.
Additionally ,Today News will affect the market .
support line : 1.2108 , 1.2064
resistance line : 1.2173 , 1.2261
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
