Core PPI & PPI GBPUSD Outlook
Price Action Analysis: 1.2200 Key Level - Bearish or Bullish?
Looking at the H4 chart, price action is currently hovering around the critical 1.2200 level. Here's what I'm seeing:
Bearish Scenario: If price continues to show rejection at 1.2200, we could see a drop towards the 1.2100 support zone, indicating potential bearish momentum. A failure to break above 1.2200 would confirm the downside move.
Bullish Scenario: On the other hand, if the price breaks and closes above 1.2200, this could signal a bullish continuation towards 1.2234. A close above 1.2200 would validate the bullish setup.
Key Levels to Watch:
1.2200: Crucial resistance. A rejection here could lead to further downside (bearish). A breakout above this level could trigger upside momentum (bullish).
1.2100: Support zone to target in the bearish scenario.
1.2234: Next resistance zone to watch for if the bullish trend plays out.
Before making any trades, watch for confirmation patterns and candlestick formations around these key levels. Always use solid risk management strategies, as price action can be volatile near these levels.
Let’s see which way the market moves! 📈💡
Looking at the H4 chart, price action is currently hovering around the critical 1.2200 level. Here's what I'm seeing:
Bearish Scenario: If price continues to show rejection at 1.2200, we could see a drop towards the 1.2100 support zone, indicating potential bearish momentum. A failure to break above 1.2200 would confirm the downside move.
Bullish Scenario: On the other hand, if the price breaks and closes above 1.2200, this could signal a bullish continuation towards 1.2234. A close above 1.2200 would validate the bullish setup.
Key Levels to Watch:
1.2200: Crucial resistance. A rejection here could lead to further downside (bearish). A breakout above this level could trigger upside momentum (bullish).
1.2100: Support zone to target in the bearish scenario.
1.2234: Next resistance zone to watch for if the bullish trend plays out.
Before making any trades, watch for confirmation patterns and candlestick formations around these key levels. Always use solid risk management strategies, as price action can be volatile near these levels.
Let’s see which way the market moves! 📈💡
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.