GBPUSD 4H (Outlook)
GBPUSD
Outlook
The Price of sterling is starting to lose ground due to the possibility that economic data within the UK will support the Bank of England to stop raising interest rates
Currently, The price under sell pressure but to confirm the bearish trend should stable under support zone then we will see the price lose more points and will reach until 1.2467
as for renewing the bullish attempts , this requires the price to consolidation above resistance in the 1.2850 zone and then will help the price to rise up and reach 1.3138
the expect trading range for today is between the support zone and resistance zone until breaking one of them (mentioned in the chart )
support line : 1.2650 , 1.2603
resistance line : 1.2814 , 1.2840
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
Outlook
The Price of sterling is starting to lose ground due to the possibility that economic data within the UK will support the Bank of England to stop raising interest rates
Currently, The price under sell pressure but to confirm the bearish trend should stable under support zone then we will see the price lose more points and will reach until 1.2467
as for renewing the bullish attempts , this requires the price to consolidation above resistance in the 1.2850 zone and then will help the price to rise up and reach 1.3138
the expect trading range for today is between the support zone and resistance zone until breaking one of them (mentioned in the chart )
support line : 1.2650 , 1.2603
resistance line : 1.2814 , 1.2840
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
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