GBPUSD 4H : Support further decline
GBPUSD
New forecast
The price perfectly fulfills my last idea and price reached to our target .
The GBP/USD pair presented Negative trades today, as it tried to break the 1.2173 level to holding below it again, waiting for the bearish bias to resume to test the bearish resistance around 1.2122 as the next main target.
Therefore, the downward trend scenario will remain effective for the coming period, supported by the bearish trend, keeping in mind that breaking 1.2192 and stabilized above it will stop the expected decline and put pressure on the price to rise again.
The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2122.
support line : 1.2122 , 1.2108
resistance line : 1.2173 , 1.2192
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 target .
The GBP/USD pair presented Negative trades today, as it tried to break the 1.2173 level to holding below it again, waiting for the bearish bias to resume to test the bearish resistance around 1.2122 as the next main target.
Therefore, the downward trend scenario will remain effective for the coming period, supported by the bearish trend, keeping in mind that breaking 1.2192 and stabilized above it will stop the expected decline and put pressure on the price to rise again.
The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2122.
support line : 1.2122 , 1.2108
resistance line : 1.2173 , 1.2192
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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