GBPUSD 4H : Below 1.2173 will be downtrend
GBPUSD
New forecast
The pound sterling pair against the dollar continued to decline, putting pressure on the 1.2192 barrier. We expect the bearish tendency to continue and achieve negative targets starting with testing the 1.2108 level and 1.2062.
Let us continue to favor the bearish bias during the coming sessions, supported by resistance 1.2173 that formed recently so the main condition to continue at the bearish trend is stabilized below 1.2173 the Keeping in mind that breaching 1.2192 will stop the negative scenario and push the price to return to the upward corrective path again.
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 : 1.2173 , 1.2108
resistance line : 1.2192 , 1.2247
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 continued to decline, putting pressure on the 1.2192 barrier. We expect the bearish tendency to continue and achieve negative targets starting with testing the 1.2108 level and 1.2062.
Let us continue to favor the bearish bias during the coming sessions, supported by resistance 1.2173 that formed recently so the main condition to continue at the bearish trend is stabilized below 1.2173 the Keeping in mind that breaching 1.2192 will stop the negative scenario and push the price to return to the upward corrective path again.
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 : 1.2173 , 1.2108
resistance line : 1.2192 , 1.2247
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
