GBPUSD 4H completes a negative combination
Hello traders,The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2100 barrier, reinforcing expectations of a continuation of the downward trend during the coming period, and the way is open to achieving our expected negative target at 1.2049 , noting that breaking it will extend the bearish wave to reach the 1.2000 areas in the near term.
The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2110, as breaching this level represents a positive factor that will lead the price to recover again and head towards 1.2139 and then 1.2171 as major positive stations.
Pivot Price: 1.2100
Resistance prices: 1.2139 & 1.2171 & 1.2221
Support prices: 1.2049 & 1.2000 & 1.1949
The general trend expected for today: bearish
Sell Under
tp:1.2049
The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2110, as breaching this level represents a positive factor that will lead the price to recover again and head towards 1.2139 and then 1.2171 as major positive stations.
Pivot Price: 1.2100
Resistance prices: 1.2139 & 1.2171 & 1.2221
Support prices: 1.2049 & 1.2000 & 1.1949
The general trend expected for today: bearish
Sell Under
tp:1.2049
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