GBPUSD 4H : Support further rise
GBPUSD
New forecast
The price perfectly fulfills my last idea
and price reached to our targets +100 pip.
The GBPUSD rose up last week and confirmed breaching the 1.2321 level after closing trading above it last Friday, opening the way for further expected upward correction, recalling that our next target is at 1.2460 and 1.2508.
Therefore the upward trend scenario will be remain valid affective during coming period supported by moving average 50 ,taking into account that stabilized under 1.2365 will put the price under negative corrective and forces the price to retest to the previous broken area at the 1.2321
The expect range trading for today it will be between the resistance line 1.2460 and support line 1.2365.
support line : 1.2308 , 1.2365
resistance line : 1.2460 , 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 ❤️
New forecast
The price perfectly fulfills my last idea
and price reached to our targets +100 pip.
The GBPUSD rose up last week and confirmed breaching the 1.2321 level after closing trading above it last Friday, opening the way for further expected upward correction, recalling that our next target is at 1.2460 and 1.2508.
Therefore the upward trend scenario will be remain valid affective during coming period supported by moving average 50 ,taking into account that stabilized under 1.2365 will put the price under negative corrective and forces the price to retest to the previous broken area at the 1.2321
The expect range trading for today it will be between the resistance line 1.2460 and support line 1.2365.
support line : 1.2308 , 1.2365
resistance line : 1.2460 , 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 ❤️
