GBPUSD 4H : Waiting for News
GBPUSD
New forecast
The British pound pair rose against the dollar and approached testing the pivotal resistance 1.2321, waiting to stimulate the price to resume the expected downward trend for the coming period, which initially targets the 1.2270 level and extends to 1.2248.
Therefore the downtrend scenario will be remain valid and effective during coming period . so stability below 1.2321 is important for the expected decline to continue, as breaching it will push the price to conduct an additional upward correction. so stabilized above 1.2321 will force the price to rise up to 1.2365 and then dropping .
The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2215.
Additionally ,Today News will affect the market .
support line : 1.2321 , 1.2365
resistance line : 1.2270 , 1.2215
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 British pound pair rose against the dollar and approached testing the pivotal resistance 1.2321, waiting to stimulate the price to resume the expected downward trend for the coming period, which initially targets the 1.2270 level and extends to 1.2248.
Therefore the downtrend scenario will be remain valid and effective during coming period . so stability below 1.2321 is important for the expected decline to continue, as breaching it will push the price to conduct an additional upward correction. so stabilized above 1.2321 will force the price to rise up to 1.2365 and then dropping .
The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2215.
Additionally ,Today News will affect the market .
support line : 1.2321 , 1.2365
resistance line : 1.2270 , 1.2215
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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