GBPUSD 1H : Downtrend
GBPUSD
OUTLOOK
The price perfectly fulfills my last idea and price in the way to reach our target .
Technical abstract :
The pound sterling pair against the dollar continues to decline to reach our extended target of 1.2135, and we believe that the way is open to continue the downward trend and achieve more negative targets that reach the 1.2100 areas.
The strength of the dollar continues to put negative pressure on the price to support expectations of a continuation of the downward trend in the immediate and short term, keeping in mind that breaching 1.2239 will stop the current negative scenario and push the price to begin recovery attempts in the immediate term.
Additionally ,Today News will affect the market .
support line : 1.2135 , 1.2100
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 in the way to reach our target .
Technical abstract :
The pound sterling pair against the dollar continues to decline to reach our extended target of 1.2135, and we believe that the way is open to continue the downward trend and achieve more negative targets that reach the 1.2100 areas.
The strength of the dollar continues to put negative pressure on the price to support expectations of a continuation of the downward trend in the immediate and short term, keeping in mind that breaching 1.2239 will stop the current negative scenario and push the price to begin recovery attempts in the immediate term.
Additionally ,Today News will affect the market .
support line : 1.2135 , 1.2100
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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