GBPUSD 4H : Try to rise up again
GBPUSD
New forecast
The British pound against the dollar pair rose significantly yesterday to breach the 1.2727 level and close the daily candle above it, leading the price to resume the upward path within the ascending channel that appears in the chart, on its way to achieving new goals that begin at 1.2727 level and breaking this level will support the price to reach 1.2788 level and extend to 1.2880 level .
Therefore, we expect to witness further rise in the coming sessions, while paying attention to the importance of stability above 1.2604 for the expected rise to continue.
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 .
resistance line : 1.2727 , 1.2788
support line : 1.2604 , 1.2508
Attention : We don't have any group in telegram be careful about scammer.
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 British pound against the dollar pair rose significantly yesterday to breach the 1.2727 level and close the daily candle above it, leading the price to resume the upward path within the ascending channel that appears in the chart, on its way to achieving new goals that begin at 1.2727 level and breaking this level will support the price to reach 1.2788 level and extend to 1.2880 level .
Therefore, we expect to witness further rise in the coming sessions, while paying attention to the importance of stability above 1.2604 for the expected rise to continue.
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 .
resistance line : 1.2727 , 1.2788
support line : 1.2604 , 1.2508
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade active
Trade closed: target reached:
GBPUSD
Update
The price perfectly fulfills my last idea and price reached to our first target +100 pip.
The British pound pair rose against the dollar and reached our expected target at the level of 1.2727, waiting for a strong incentive to hold the price above it to continue continuing the upward trend and visit the 1.2788 areas.
Therefore, the upward trend scenario will remain likely for the coming period, provided that it breach and remains above level 1.2727. for reminder that failure to stabilized above the level of 1.2727 will force the price to start a negative correction .
The expect range trading for today it will be between the resistance line 1.2788 and support line 1.2604.
Additionally ,Today News will affect on the market .
resistance line : 1.2788 , 1.2880
support line : 1.2700 , 1.2604
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD
Update
The price perfectly fulfills my last idea and price reached to our first target +100 pip.
The British pound pair rose against the dollar and reached our expected target at the level of 1.2727, waiting for a strong incentive to hold the price above it to continue continuing the upward trend and visit the 1.2788 areas.
Therefore, the upward trend scenario will remain likely for the coming period, provided that it breach and remains above level 1.2727. for reminder that failure to stabilized above the level of 1.2727 will force the price to start a negative correction .
The expect range trading for today it will be between the resistance line 1.2788 and support line 1.2604.
Additionally ,Today News will affect on the market .
resistance line : 1.2788 , 1.2880
support line : 1.2700 , 1.2604
Attention : We don't have any group in telegram be careful about scammer.
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
Update
The price perfectly fulfills my last idea and price reached to our targets + 65 pip
The British pound pair rose against the dollar yesterday, reaching our expected target at the level of 1.2788 and showing some slight bearish bias now, waiting for a positive incentive to enhance expectations for the continuation of the main upward trend, remembering that we are waiting to visit the level of 1.2880 as the next main target.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 , that is continue to support the price to rise up ,On the other hand, you should be aware that breaking 1.2720 levels will stop the upward trend and put pressure on the price to turn lower.so now it possible to do a negative correction and then rise up.
The expect range trading for today it will be between the resistance line 1.2880 and support line 1.2700.
Additionally ,Today News will affect on the market .
resistance line : 1.2788 , 1.2880
support line : 1.2700 , 1.2604
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD
Update
The price perfectly fulfills my last idea and price reached to our targets + 65 pip
The British pound pair rose against the dollar yesterday, reaching our expected target at the level of 1.2788 and showing some slight bearish bias now, waiting for a positive incentive to enhance expectations for the continuation of the main upward trend, remembering that we are waiting to visit the level of 1.2880 as the next main target.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 , that is continue to support the price to rise up ,On the other hand, you should be aware that breaking 1.2720 levels will stop the upward trend and put pressure on the price to turn lower.so now it possible to do a negative correction and then rise up.
The expect range trading for today it will be between the resistance line 1.2880 and support line 1.2700.
Additionally ,Today News will affect on the market .
resistance line : 1.2788 , 1.2880
support line : 1.2700 , 1.2604
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade active
GBPUSD
Update
The pound sterling pair against the dollar traded positively, breaching the 1.2727 level, which leads the price to resume the main upward trend within the ascending channel that appears in the chart, on its way to achieving gains that start at 1.2788 level and extend to 1.2880 level after crossing the previous level.
Therefore the upward scenario will be remain valid and effective during coming period , The moving average 50 supports the suggested bullish wave, which will remain in place unless the 1.2688 level is broken and holds below it.
The expect range trading for today it will be between the resistance line 1.2880 and support line 1.2604.
resistance line : 1.2788 , 1.2880
support line : 1.2700 , 1.2604
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️