GBPUSD
New forecast
The price of the British pound pair against the dollar decreased yesterday after the price touched the level of 1.2727 and rebounded from it. Therefore, the breach of 1.2727 will activate the positive effect and push the price to resume the expected upward trend in the immediate and short term, opening the way to heading towards our next main target at the levels of 1.2788 and 1.2880. .
Therefore, we will continue to favor the upward trend for the coming period, keeping in mind that breaking 1.2604 will nullify the upward trend and put pressure on the price to decline mainly towards the 1.2534 areas.
The expect range trading for today it will be between the resistance line 1.2727 and support line 1.2604.
Additionally ,Today News will affect the market .
support line : 1.2604 , 1.2534
resistance line : 1.2700 , 1.2727
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 of the British pound pair against the dollar decreased yesterday after the price touched the level of 1.2727 and rebounded from it. Therefore, the breach of 1.2727 will activate the positive effect and push the price to resume the expected upward trend in the immediate and short term, opening the way to heading towards our next main target at the levels of 1.2788 and 1.2880. .
Therefore, we will continue to favor the upward trend for the coming period, keeping in mind that breaking 1.2604 will nullify the upward trend and put pressure on the price to decline mainly towards the 1.2534 areas.
The expect range trading for today it will be between the resistance line 1.2727 and support line 1.2604.
Additionally ,Today News will affect the market .
support line : 1.2604 , 1.2534
resistance line : 1.2700 , 1.2727
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
GBPUSD
The price perfectly fulfills my last idea and price reached to our first target + 65 pip. close it or if you want to hold put SL at entry .
The price perfectly fulfills my last idea and price reached to our first target + 65 pip. close it or if you want to hold put SL at entry .
GBPUSD
Update
The price perfectly fulfills my last idea .
The British pound pair against the dollar continued to decline and reached the pivotal support at the level of 1.2604 and rebounded from it, noting that the price is bouncing upwards to head towards resuming the upward trend again, waiting to visit the level of 1.2727 initially, and by breaking it, it will reach 1.2788.
Therefore the upward scenario will be more likely during coming period supported by moving average 50 that is continue to support the price to rise up ,Keeping in mind that the continuation of the bullish wave requires stability above the 1.2604 level
The expect range trading for today it will be between the resistance line 1.2727 and support line 1.2604.
Additionally ,Today News will affect on the market .
support line : 1.2604 , 1.2534
resistance line : 1.2700 , 1.2727
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️