GBPUSD 4H : STILL BULLISH
GBPUSD
New forecast
The price perfectly fulfills my last idea and we get about +40 pip .
The British pound pair against the dollar was able to penetrate the 1.2310 level and close the daily candle above it, which effectively supports the continuation of the expected bullish trend scenario during the coming sessions, paving the way for heading towards our next positive target at 1.2460.
Therefore, an upward bias will be expected for today but to be sure about bullish trend should stable above 1.2310 ,especially now the price rebounded under 1.2310 level so its important to stable above that level to achieve our target , Keeping in mind that breaking 1.2247 will stop the expected rise and put pressure on the price to turn lower
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 : 1.2247 , 1.2192
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 we get about +40 pip .
The British pound pair against the dollar was able to penetrate the 1.2310 level and close the daily candle above it, which effectively supports the continuation of the expected bullish trend scenario during the coming sessions, paving the way for heading towards our next positive target at 1.2460.
Therefore, an upward bias will be expected for today but to be sure about bullish trend should stable above 1.2310 ,especially now the price rebounded under 1.2310 level so its important to stable above that level to achieve our target , Keeping in mind that breaking 1.2247 will stop the expected rise and put pressure on the price to turn lower
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 : 1.2247 , 1.2192
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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