GBPUSD 4H : Below 1.2173 will drop again
GBPUSD
New forecast
The British pound against the dollar traded positively after completing the formation of the falling wedge pattern referred to yesterday, and we expect the bearish tendency to continue to achieve additional negative targets up to 1.2122 and 1.2108 .
Therefore a bearish bias will be likely for today but to confirm the bearish trend the price should stable under 1.2173 and then our targets will be activate ,Taking into account exceeding the 1.2216 level will stop the negative scenario and put pressure on the price to turn higher.
The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2108.
Additionally ,Today News will affect the market .
support line : 1.2123 , 1.2108
resistance line : 1.2173 , 1.2192
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 British pound against the dollar traded positively after completing the formation of the falling wedge pattern referred to yesterday, and we expect the bearish tendency to continue to achieve additional negative targets up to 1.2122 and 1.2108 .
Therefore a bearish bias will be likely for today but to confirm the bearish trend the price should stable under 1.2173 and then our targets will be activate ,Taking into account exceeding the 1.2216 level will stop the negative scenario and put pressure on the price to turn higher.
The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2108.
Additionally ,Today News will affect the market .
support line : 1.2123 , 1.2108
resistance line : 1.2173 , 1.2192
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
