The rising tendency would be likely in the coming period, provided that the price maintains stability above the level of 1.5335, where breaching this level will push the price to visit the 1.5190 level directly.
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The rising tendency would be likely in the coming period, provided that the price maintains stability above the level of 1.5335, where breaching this level will push the price to visit the 1.5190 level directly.
GBP/USD. Bearish bias in the nearest term with nearest support located near 1.5440. Break below this area could add another pressure to set the price aiming 1.5395 and 1.5340 area. On the other hand if the price consistently up and break above nearest resistance 1.5580 then bullish momentum could be triggered. Next resistance is seen near 1.5640 and 1.5700 area.
It enables the pair of sterling against the dollar, breaking through the 1.5445 level to begin testing pivotal resistance 1.5520, and price needs to break through this level to open the way for the continuation of the bullish trend in the coming period and stop the downward pressure correction that dominated the recent dealings.
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Candle bull newly formed and stochastic is pointing upwards. Predicted trend ended in the second as the Fibonacci resistance at 1.5598 261.8
Recommendation: Buy
Negative current Stochastic adds more power to the current resistance level, and the price tends to retest the floor support formed by the above 1.5445 before resuming the upward trend of new, where the extended targets are around 1.5815, with the attention that the breach of 1.5445 will push the price to visit level 1.5335 before any new attempt to rise.
GBP/USD. Bearish bias in the nearest term and downtrend would need a confirmation of a break below support 1.5420 before it could target lower area of 1.5370 and 1.5330. The price could be set for an uptrend if it could consistently rise above resistance 1.5540 and next resistance is located near 1.5600 - 1.5660.
It bounced trading pair of sterling against the dollar up after the re-test the level of 1.5445, to be attempts to penetrate the 1.5520 level now, where this penetration is a strong positive factor will pay the price to move toward the summit last month recorded at 1.5813.
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: convergent pattern will be formed in the stochastic indicator. The possibility of market going sideways for a correction at 1.5559 before continuing the bullish trend
Recommendation: Buy limit at 1.5559
In general, we continue to steadily tipping the upside price above the level of 1.5445, supported moving average 50, with the attention that the breach of 1.5445 will push the price to visit the 1.5335 level before any new attempt to rise.
bhai GU pair par trend uper hai, hum is pair par analysis agar kare, to long term ke liye bullish signal hai, waise to main long term trading karna pasand nahi karta hoon, lekin jo karte hai unke liye buy mauka hai bhai.
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