GBPUSD 4H : Waiting for breach 1.2508 and then will drop
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GBPUSD
New forecast
The GBP/USD pair tested the 1.2508 barrier and finds good support there, waiting for a negative incentive that will contribute to pushing the price to continue the decline and achieve our main expected target at 1.2447, and extend to the 1.2382 level and to confirm the bearish trend should stable under 1.2508 level and then will drop .
Therefore, we continue to favor the downward trend for the coming period, which receives good support from the moving average 50, keeping in mind that the breach of 1.2604 will stop the expected decline and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.2646 and support line 1.2447.
resistance line : 1.2604 , 1.2700
support line : 1.2508 , 1.2447
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New forecast
The GBP/USD pair tested the 1.2508 barrier and finds good support there, waiting for a negative incentive that will contribute to pushing the price to continue the decline and achieve our main expected target at 1.2447, and extend to the 1.2382 level and to confirm the bearish trend should stable under 1.2508 level and then will drop .
Therefore, we continue to favor the downward trend for the coming period, which receives good support from the moving average 50, keeping in mind that the breach of 1.2604 will stop the expected decline and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.2646 and support line 1.2447.
resistance line : 1.2604 , 1.2700
support line : 1.2508 , 1.2447
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 ❤️
Nota
GBPUSD
New forecast
The GBP/USD pair try's to breach and stabilized under the 1.2508 barrier , waiting for a negative incentive that will contribute to pushing the price to continue the decline and stabilized under that support zone to reaching our main expected target at 1.2447, and extend to the 1.2382 level and to confirm the bearish trend should stable under 1.2508 level and then will drop .
Therefore, we continue to favor the downward trend for the coming period, which receives good support from the moving average 50, keeping in mind that the breach of 1.2604 will stop the expected decline and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.2646 and support line 1.2447.
Additionally ,Today News will affect on the market .
resistance line : 1.2604 , 1.2700
support line : 1.2508 , 1.2447
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 ❤️
Nota
GBPUSD
Update
The British pound against the dollar pair made an attempt to breach the 1.2508 level, but maintained its stability below it, so that the bearish trend scenario remains valid for the coming period, waiting for it to visit the 1.2447 level as a first main target and extend to the 1.2382 level.
Therefore the downward scenario will be remain valid and effective during coming period ,supported by the negative pressure formed by the 50 moving average, taking into account that stabilized above 1.2604 level will postponed the bearish waves and will help the price to rise up .
The expect range trading for today it will be between the resistance line 1.2604 and support line 1.2382.
Additionally ,Today News will affect on the market .
resistance line : 1.2604 , 1.2700
support line : 1.2508 , 1.2447
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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