GBPUSD 4H (Waiting for CPI)

The British pound against the dollar pair continues to rise to test the level of 1.2297, and the Stochastic indicator continues to provide negative signals that we expect to contribute to pushing the price down again.



Until now, the bearish trend scenario remains valid unless the 1.2297 level is breached and holds above it, remembering that our next target is at 1.2266.

Pivot Price: 1.2297
Resistance prices: 1.2346 & 1.2393 & 1.2439
Support prices: 1.2266 & 1.2229 & 1.2191


The general trend expected for today: bearish