GBPUSD 4H : Under sell pressure
GBPUSD
New forecast
The pound sterling pair against the dollar was able to touch 1.2260 and rebounded downward from there, providing signals of a move to resume the main downward trend within the downward channel that appears in the chart, waiting to head towards 1.2135 and 1.2100 as a negative station.
From here, a bearish bias will be expected for today, supported by the negative pressure formed by the descending channel, keeping in mind that breaching 1.2260 will push the price to conduct further upward correction, with its next target reaching 1.2310.
Additionally ,Today News will affect the market .
support line : 1.2135 , 1.2100
resistance line : 1.2200 , 1.2261
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 was able to touch 1.2260 and rebounded downward from there, providing signals of a move to resume the main downward trend within the downward channel that appears in the chart, waiting to head towards 1.2135 and 1.2100 as a negative station.
From here, a bearish bias will be expected for today, supported by the negative pressure formed by the descending channel, keeping in mind that breaching 1.2260 will push the price to conduct further upward correction, with its next target reaching 1.2310.
Additionally ,Today News will affect the market .
support line : 1.2135 , 1.2100
resistance line : 1.2200 , 1.2261
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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