Hello everyone,
GBPUSD 4H NEW FORECAST
The price of the pound sterling against the dollar is trading with noticeable positivity after consolidating above the 1.2480 level, heading towards a possible test of the 1.2580 level, and we expect the bullish tendency to continue in the immediate term to exceed this level and achieve additional gains up to 1.2624.
Moving average 50 supports the proposed bullish wave, keeping in mind that breaking 1.2480 will stop the expected rise and put pressure on the price to turn lower.
Between support at 1.2460 and resistance at 1.2580.
GBPUSD 4H NEW FORECAST
The price of the pound sterling against the dollar is trading with noticeable positivity after consolidating above the 1.2480 level, heading towards a possible test of the 1.2580 level, and we expect the bullish tendency to continue in the immediate term to exceed this level and achieve additional gains up to 1.2624.
Moving average 50 supports the proposed bullish wave, keeping in mind that breaking 1.2480 will stop the expected rise and put pressure on the price to turn lower.
Between support at 1.2460 and resistance at 1.2580.
Trade active:
Resuming the rise to approach the expected level at 1.2580.
Opening the way to exceed the $1.2580 level to achieve additional gains of up to 1.2700.
The price gets good positive support from the 50 moving average.
Breaking the 1.2580 level will complete the formation of a positive pattern that has positive targets exceeding 1.2700.
We expect further rise in the coming sessions unless the 1.2480 level is broken and holds below it.
Opening the way to exceed the $1.2580 level to achieve additional gains of up to 1.2700.
The price gets good positive support from the 50 moving average.
Breaking the 1.2580 level will complete the formation of a positive pattern that has positive targets exceeding 1.2700.
We expect further rise in the coming sessions unless the 1.2480 level is broken and holds below it.
