GBPUSD
OUTLOOK
Since the start of this week's trading, the price of the GBPUSD currency pair has been trying to stabilize in the face of the US dollar's strength, but its gains did not exceed the 1.2800 level.
Waiting for what will be answered by policy officials of global central banks during the Jackson Hole symposium
Now , the price trade at the sensitive zone between 1.2603 - 1.2650 and it is strong support zone
so consolidation above that zone will help the price to rise up again and it will stable in the face of the US dollar's strength and our target will be 1.2686 and 1.2783
on the other hand , consolidation the price under that support zone then the price will lose more points to reach 1.2537 and 1.2467
The expect range trading for mid term it will be between support line 1.2603 and resistance line 1.2686
support line : 1.2603 , 1.2537
resistance line : 1.2650 , 1.2686
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Since the start of this week's trading, the price of the GBPUSD currency pair has been trying to stabilize in the face of the US dollar's strength, but its gains did not exceed the 1.2800 level.
Waiting for what will be answered by policy officials of global central banks during the Jackson Hole symposium
Now , the price trade at the sensitive zone between 1.2603 - 1.2650 and it is strong support zone
so consolidation above that zone will help the price to rise up again and it will stable in the face of the US dollar's strength and our target will be 1.2686 and 1.2783
on the other hand , consolidation the price under that support zone then the price will lose more points to reach 1.2537 and 1.2467
The expect range trading for mid term it will be between support line 1.2603 and resistance line 1.2686
support line : 1.2603 , 1.2537
resistance line : 1.2650 , 1.2686
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
הערה:
As we mentioned the price will lose more points and with Powell's speech ending the price lost a lot of pints and run from our target which is 1.2537 and if can stable under it then will reach 1.2467
הערה:
GBPUSD
UPDATE
The price reach to near to our target and still the target is available so as long as price trade under resistance line 1.2603 the price will continue at the bearish trend so our target will be available
for reminder , if price rise up and stable above 1.2650 our target will be cancel
support line : 1.2537 ,1.2467
resistance line : 1.2603 , 1.2650
UPDATE
The price reach to near to our target and still the target is available so as long as price trade under resistance line 1.2603 the price will continue at the bearish trend so our target will be available
for reminder , if price rise up and stable above 1.2650 our target will be cancel
support line : 1.2537 ,1.2467
resistance line : 1.2603 , 1.2650
הערה:
GBPUSD
UPDATE
if can price stable above 1.2650 we have to cancel our target because if could stable above it this line it was key to rise up more and reach to 1.2686
if price back off and stable under 1.2650 then we will have chance to touch 1.2603
today news will affect the market directly .
UPDATE
if can price stable above 1.2650 we have to cancel our target because if could stable above it this line it was key to rise up more and reach to 1.2686
if price back off and stable under 1.2650 then we will have chance to touch 1.2603
today news will affect the market directly .
Like we said from the previous idea the price will be under sell pressure and price reached at the near of our target and rose up
Now ,Generally the direction is downtrend and the price still under sell pressure as long as price trade under 1.2650 so our target still availed
today news will affect the market be care
support line : 1.2603 , 1.2537
resistance line : 1.2650 , 1.2686