GBPUSD (Negative Pattern)
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GBPUSD 6H NEW FORECAST
The pound sterling pair against the dollar is trading with noticeable negativity, starting pressure at the 1.2665 level and heading towards a possible shift to the downside, and we expect the bearish tendency to continue, visiting the 1.2590 level as a main negative target.
From here, a downward trend will be expected for the rest of the day, taking into account that breaching 1.2720 will stop the current negative pressure and lead the price to resume the main upward trend again.
Pivot Price: 1.2665
Resistance prices: 1.2696 & 1.2727 & 1.2750
Support prices: 1.2590 & 1.2520 & 1.2468
The expected general trend for today: bearish for the rest of the day
GBPUSD 6H NEW FORECAST
The pound sterling pair against the dollar is trading with noticeable negativity, starting pressure at the 1.2665 level and heading towards a possible shift to the downside, and we expect the bearish tendency to continue, visiting the 1.2590 level as a main negative target.
From here, a downward trend will be expected for the rest of the day, taking into account that breaching 1.2720 will stop the current negative pressure and lead the price to resume the main upward trend again.
Pivot Price: 1.2665
Resistance prices: 1.2696 & 1.2727 & 1.2750
Support prices: 1.2590 & 1.2520 & 1.2468
The expected general trend for today: bearish for the rest of the day
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