GBPUSD
New forecast
GBP/USD pair tested the resistance 1.2321 and maintains stability below it. Now we need to wait until one of the resistance components at 1.2321 or the support area at 1.2270 breaks.
Therefore the direction is not clear because of the situation .so stabilized under 1.2270 level will put the price under sell pressure to reach 1.2192, As the breakthrough and stability of the high speed 1.2321 level immediately pushes for a new bullish exploration that reaches its next main target to 1.2380 and 1.2460.
The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2270 .
Additionally ,Today News will affect the market .
support line : 1.2270 , 1.2215
resistance line : 1.2312 , 1.2321
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
GBP/USD pair tested the resistance 1.2321 and maintains stability below it. Now we need to wait until one of the resistance components at 1.2321 or the support area at 1.2270 breaks.
Therefore the direction is not clear because of the situation .so stabilized under 1.2270 level will put the price under sell pressure to reach 1.2192, As the breakthrough and stability of the high speed 1.2321 level immediately pushes for a new bullish exploration that reaches its next main target to 1.2380 and 1.2460.
The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2270 .
Additionally ,Today News will affect the market .
support line : 1.2270 , 1.2215
resistance line : 1.2312 , 1.2321
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 first target
The price of the pound sterling against the dollar decreased significantly after testing the level of 1.2312 in the past sessions, resuming the expected downward trend in the near term and succeeding in achieving our first expected target at 1.2215, and it seems that further decline confirms the continued dominance of the negative trading heading towards our next stop at 1.2192 and below that. We will reach 1.2125.
Therefore, the downward trend scenario will remain valid and effective, supported by the move below the moving average 50, but to confirm the downward trend it must settle below 1.2215 and then our target will be activated. Taking into account that the continuation of the bearish wave depends on stability below the 1.2270 level.
The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2125 .
support line : 1.2192 , 1.2125
resistance line : 1.2215 , 1.2270
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
The price of the pound sterling against the dollar decreased significantly after testing the level of 1.2312 in the past sessions, resuming the expected downward trend in the near term and succeeding in achieving our first expected target at 1.2215, and it seems that further decline confirms the continued dominance of the negative trading heading towards our next stop at 1.2192 and below that. We will reach 1.2125.
Therefore, the downward trend scenario will remain valid and effective, supported by the move below the moving average 50, but to confirm the downward trend it must settle below 1.2215 and then our target will be activated. Taking into account that the continuation of the bearish wave depends on stability below the 1.2270 level.
The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2125 .
support line : 1.2192 , 1.2125
resistance line : 1.2215 , 1.2270
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
