GBPUSD 4H Midday update
GBPUSD
The pound sterling pair against the dollar focused on the breached resistance of the descending channel and rebounded upward to resume the expected upward corrective path in the immediate term.
stabilizing above 1.2172 will support rising to touch 1.2213 then 1.2248 then 1.2292
stabilizing under 1.2172 will support falling to touch 1.2124 then 1.2077
pivot price: 1.2172
Resistance prices: 1.2213 & 1.2248 & 1.2292
Support prices: 1.2124 & 1.2077 & 1.2047
The general trend expected for today: bullish
timeframe: 4H
The pound sterling pair against the dollar focused on the breached resistance of the descending channel and rebounded upward to resume the expected upward corrective path in the immediate term.
stabilizing above 1.2172 will support rising to touch 1.2213 then 1.2248 then 1.2292
stabilizing under 1.2172 will support falling to touch 1.2124 then 1.2077
pivot price: 1.2172
Resistance prices: 1.2213 & 1.2248 & 1.2292
Support prices: 1.2124 & 1.2077 & 1.2047
The general trend expected for today: bullish
timeframe: 4H
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