GBPUSD 4H : Under 1.2460 will drop
GBPUSD
OUTLOOK
Technical abstract:
Trading in the pound sterling pair against the dollar stabilizes near the level of 1.2507, and maintains its stability below it, awaiting the resumption of the bearish wave expected for today, the next main targets of which are at 1.2400 and then 1.2310, remembering that the continuation of the bearish wave depends on stability below the level of 1.2460.
Hence, the downward trend scenario will remain likely in the immediate and short term unless the 1.2507 level is breached and holds above it. so above 1.2507 the price will build a positive momentum to reach the top of the bearish channel and then will drop again.
Additionally , today news will affect the market
The expected trading range for today is between support 12460 and resistance 1.2507 until breaching one of them
support line :1.2460 , 1.2400
resistance line : 1.2507 , 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 ❤️
OUTLOOK
Technical abstract:
Trading in the pound sterling pair against the dollar stabilizes near the level of 1.2507, and maintains its stability below it, awaiting the resumption of the bearish wave expected for today, the next main targets of which are at 1.2400 and then 1.2310, remembering that the continuation of the bearish wave depends on stability below the level of 1.2460.
Hence, the downward trend scenario will remain likely in the immediate and short term unless the 1.2507 level is breached and holds above it. so above 1.2507 the price will build a positive momentum to reach the top of the bearish channel and then will drop again.
Additionally , today news will affect the market
The expected trading range for today is between support 12460 and resistance 1.2507 until breaching one of them
support line :1.2460 , 1.2400
resistance line : 1.2507 , 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 ❤️
