GBPUSD 4H : support further rise
GBPUSD
New forecast
The price perfectly fulfills my last idea and price reached to our first target + 80 pip .
The British pound against the dollar pair succeeded in touching our expected target at 1.2310, and attempts are being made to penetrate it now, to support the chances of extending the bullish corrective wave and heading towards achieving additional gains up to 1.2370.
Therefore, we will continue to favor the upward trend for the coming period, keeping in mind that failure to breach 1.2310 and rebound downwards to break 1.2247 will stop the expected rise and put pressure on the price to return to the main bearish path again.
The expect range trading for today it will be between the resistance line 1.2310 and support line 1.2247.
Additionally ,Today News will affect the market .
support line : 1.2267 , 1.2247
resistance line : 1.2310 , 1.2370
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 first target + 80 pip .
The British pound against the dollar pair succeeded in touching our expected target at 1.2310, and attempts are being made to penetrate it now, to support the chances of extending the bullish corrective wave and heading towards achieving additional gains up to 1.2370.
Therefore, we will continue to favor the upward trend for the coming period, keeping in mind that failure to breach 1.2310 and rebound downwards to break 1.2247 will stop the expected rise and put pressure on the price to return to the main bearish path again.
The expect range trading for today it will be between the resistance line 1.2310 and support line 1.2247.
Additionally ,Today News will affect the market .
support line : 1.2267 , 1.2247
resistance line : 1.2310 , 1.2370
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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