GBPUSD:
The price encountered a robust resistance trend and subsequently rebounded.
Should the price remain below 1.2820, it is indicative of a bearish trend with a target set at 1.2692. Further downward movement may lead to the next level at 1.2620.
Conversely, stabilizing above the pivot line at 1.2820 signals the initiation of a bullish trend, with targets set at 1.2944 and 1.3137.
Pivot Price: 1.2819
Support price: 1.2692 & 1.2620 & 1.254
resistance price: 1.2880 & 1.2944 & 1.2985
The movement will be between resistance 1.2880 and support 1.2691
tendency: Downward
The price encountered a robust resistance trend and subsequently rebounded.
Should the price remain below 1.2820, it is indicative of a bearish trend with a target set at 1.2692. Further downward movement may lead to the next level at 1.2620.
Conversely, stabilizing above the pivot line at 1.2820 signals the initiation of a bullish trend, with targets set at 1.2944 and 1.3137.
Pivot Price: 1.2819
Support price: 1.2692 & 1.2620 & 1.254
resistance price: 1.2880 & 1.2944 & 1.2985
The movement will be between resistance 1.2880 and support 1.2691
tendency: Downward
Comment:
The price has arrived at a long-term support zone and is currently consolidating bullish momentum. Consequently, there is a feasible prospect of the price ascending to 1.2443 once again.
my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
