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GBPUSD touches the first target
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GBPUSD 6H NEW FORECAST
The British pound pair against the dollar resumed its significantly positive trading, touching our first target at 1.2720, and facing strong resistance there, as it shows some bearish bias now, affected by the negativity of the Stochastic indicator, waiting to gather positive momentum that will contribute to pushing the price to exceed this level and open the way to heading towards 1.2781 as a target. My main is next.
From here, we continue to favor the bullish trend in the immediate and short term with support from the moving average of 50, keeping in mind that the continuation of the bullish wave requires stability above the 1.2590 level.
The general trend expected for today: bullish
GBPUSD 6H NEW FORECAST
The British pound pair against the dollar resumed its significantly positive trading, touching our first target at 1.2720, and facing strong resistance there, as it shows some bearish bias now, affected by the negativity of the Stochastic indicator, waiting to gather positive momentum that will contribute to pushing the price to exceed this level and open the way to heading towards 1.2781 as a target. My main is next.
From here, we continue to favor the bullish trend in the immediate and short term with support from the moving average of 50, keeping in mind that the continuation of the bullish wave requires stability above the 1.2590 level.
The general trend expected for today: bullish
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