GBPUSD confirms the break
Hello everyone,
GBPUSD 4H NEW FORECAST
The price of the pound sterling against the dollar ended yesterday's trading with strong negativity, as it confirmed breaking the support of the ascending channel that appears in the chart, opening the way for achieving further decline and heading towards visiting the 1.2695 areas mainly.
Therefore, we expect to witness more bearish bias during the coming sessions, organized within the bearish intraday channel that carries the price from the last peak recorded at 1.2880, keeping in mind that breaching 1.2767 will stop the current bearish wave and lead the price to restore the main upward trend again.
The expected trading range for today is between support 1.2720 and resistance 1.2767
GBPUSD 4H NEW FORECAST
The price of the pound sterling against the dollar ended yesterday's trading with strong negativity, as it confirmed breaking the support of the ascending channel that appears in the chart, opening the way for achieving further decline and heading towards visiting the 1.2695 areas mainly.
Therefore, we expect to witness more bearish bias during the coming sessions, organized within the bearish intraday channel that carries the price from the last peak recorded at 1.2880, keeping in mind that breaching 1.2767 will stop the current bearish wave and lead the price to restore the main upward trend again.
The expected trading range for today is between support 1.2720 and resistance 1.2767
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