GBPUSD approaching support
Hello everyone,
GBPUSD 6H NEW FORECAST
Trading in the British pound against the dollar pair rebounded significantly after testing the 1.2720 level in the past sessions, approaching the pivotal support of 1.2590, noting that the 50 moving average constitutes good support in front of the price, accompanied by the emergence of clear positive signals through the Stochastic indicator now.
Therefore, these factors encourage us to prefer the upward trend during the coming sessions, and the targets start at 1.2720, taking into account that breaking 1.2590 will complete the formation of a bearish technical pattern that has negative targets up to 1.2520.
breakout
The general trend expected for today: Bullish
GBPUSD 6H NEW FORECAST
Trading in the British pound against the dollar pair rebounded significantly after testing the 1.2720 level in the past sessions, approaching the pivotal support of 1.2590, noting that the 50 moving average constitutes good support in front of the price, accompanied by the emergence of clear positive signals through the Stochastic indicator now.
Therefore, these factors encourage us to prefer the upward trend during the coming sessions, and the targets start at 1.2720, taking into account that breaking 1.2590 will complete the formation of a bearish technical pattern that has negative targets up to 1.2520.
breakout
The general trend expected for today: Bullish
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