GBPUSD 4H : Support further rise
GBPUSD
New forecast
The pound sterling pair against the dollar rose strongly to breach the 1.2447 level and reach the 1.2508 level directly, opening the way for further upward correction during the coming sessions, waiting for the price to be pushed to the 1.2534 level and stability above it that will reach 1.2574 and 1.2604.
Therefore, an upward trend will be expected in the immediate and short term, taking into account that breaking the 1.2447 level will stop the proposed rise and put pressure on the price to conduct a further downward correction to 1.2406 and then rise up.
The expect range trading for today it will be between the resistance line 1.2534 and support line 1.2406.
Additionally ,Today News will affect the market .
support line : 1.2447 , 1.2406
resistance line : 1.2508 , 1.2534
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 pound sterling pair against the dollar rose strongly to breach the 1.2447 level and reach the 1.2508 level directly, opening the way for further upward correction during the coming sessions, waiting for the price to be pushed to the 1.2534 level and stability above it that will reach 1.2574 and 1.2604.
Therefore, an upward trend will be expected in the immediate and short term, taking into account that breaking the 1.2447 level will stop the proposed rise and put pressure on the price to conduct a further downward correction to 1.2406 and then rise up.
The expect range trading for today it will be between the resistance line 1.2534 and support line 1.2406.
Additionally ,Today News will affect the market .
support line : 1.2447 , 1.2406
resistance line : 1.2508 , 1.2534
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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