GBPUSD
NEW FORECAST
The British pound pair against the dollar has been fluctuating within a narrow range between 1.2508- 1.2534 since yesterday , there is no change in the expected bullish trend scenario in the immediate term, whose first target is at 1.2574, remembering that breaching it will push the price to rush towards level 1.2604.
Therefore the upward scenario will be remain valid and effective during coming period On the other hand, it should be noted that the continuation of the upward wave depends on stability above 1.2447 level. for reminder that stabilized under 1.2508 will force the price to start a negative correction until 1.2447 and then will rise up .
The expect range trading for today it will be between the resistance line 1.2574and support line 1.2508.
Additionally ,Today News will affect the market .
support line : 1.2416 , 1.2447
resistance line : 1.2534 , 1.2574
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NEW FORECAST
The British pound pair against the dollar has been fluctuating within a narrow range between 1.2508- 1.2534 since yesterday , there is no change in the expected bullish trend scenario in the immediate term, whose first target is at 1.2574, remembering that breaching it will push the price to rush towards level 1.2604.
Therefore the upward scenario will be remain valid and effective during coming period On the other hand, it should be noted that the continuation of the upward wave depends on stability above 1.2447 level. for reminder that stabilized under 1.2508 will force the price to start a negative correction until 1.2447 and then will rise up .
The expect range trading for today it will be between the resistance line 1.2574and support line 1.2508.
Additionally ,Today News will affect the market .
support line : 1.2416 , 1.2447
resistance line : 1.2534 , 1.2574
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Comment:
GBPUSD
UPDATE
our last idea still active and we continue expect the upward scenario will be remain valid for coming period ,
Additionally ,Today News will affect on the market .
UPDATE
our last idea still active and we continue expect the upward scenario will be remain valid for coming period ,
Additionally ,Today News will affect on the market .
GBPUSD
UPDTAE
The British pound against the dollar pair faced negative pressure yesterday evening to test the first pivotal support 1.2447, and we note that the price consolidated above this level and began to rise again, awaiting further rise during the coming sessions.
Therefore, we will continue to favor the upward corrective trend, but on the condition of stability above the current level at 1.2534, whose next target is at 1.2574, remembering that breaching this level will push the price to the 1.2604 level.Tking into account that stabilized under 1.2447 level will postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.2604 and support line 1.2508.
support line : 1.2508 , 1.2447
resistance line : 1.2574 , 1.2604
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️