GBPUSD 4H : under sell pressure
GBPUSD
OUTLOOK
The price perfectly fulfills my last idea and price reached to our target .
The pound sterling pair against the dollar succeeded in achieving our expected target at 1.2200 and is putting negative pressure on it to surpass it at the opening of today’s trading, confirming the continuation of the bearish trend’s dominance during the coming period, paving the way for heading towards 1.2135, which represents our next target.
Therefore, we are awaiting further expected decline in the immediate and short term, keeping in mind that it is possible to retest to 1.2230 and then drop but breaching 1.2230 will push the price to begin recovery attempts and head to test the 1.2310 areas before any new attempt to decline.
Additionally ,Today News will affect the market .
support line : 1.2135 , 1.2110
resistance line : 1.2200 , 1.2239
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The price perfectly fulfills my last idea and price reached to our target .
The pound sterling pair against the dollar succeeded in achieving our expected target at 1.2200 and is putting negative pressure on it to surpass it at the opening of today’s trading, confirming the continuation of the bearish trend’s dominance during the coming period, paving the way for heading towards 1.2135, which represents our next target.
Therefore, we are awaiting further expected decline in the immediate and short term, keeping in mind that it is possible to retest to 1.2230 and then drop but breaching 1.2230 will push the price to begin recovery attempts and head to test the 1.2310 areas before any new attempt to decline.
Additionally ,Today News will affect the market .
support line : 1.2135 , 1.2110
resistance line : 1.2200 , 1.2239
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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