GBPUSD testing the support floor
Hello everyone,
GBPUSD 4H NEW FORECAST
The price of the pound sterling against the dollar tested the 1.2480 level and rebounded upward from there, resuming the expected bullish wave in the immediate term, which aims to test the 1.2580 level as a first stop.
The moving average 50 supports the expected rise, and breaching the target level will extend the bullish wave to reach 1.2624, while stability above 1.2480 represents an important condition for achieving the proposed goals.
The expected trading range for today is between the support at $1.2460 and the resistance at 1.2580
GBPUSD 4H NEW FORECAST
The price of the pound sterling against the dollar tested the 1.2480 level and rebounded upward from there, resuming the expected bullish wave in the immediate term, which aims to test the 1.2580 level as a first stop.
The moving average 50 supports the expected rise, and breaching the target level will extend the bullish wave to reach 1.2624, while stability above 1.2480 represents an important condition for achieving the proposed goals.
The expected trading range for today is between the support at $1.2460 and the resistance at 1.2580
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