GBPUSD
NEW FORECAST
The British pound pair against the dollar has been fluctuating within a narrow range between 1.2508- 1.2534 since yesterday , there is no change in the expected bullish trend scenario in the immediate term, whose first target is at 1.2574, remembering that breaching it will push the price to rush towards level 1.2604.
Therefore the upward scenario will be remain valid and effective during coming period On the other hand, it should be noted that the continuation of the upward wave depends on stability above 1.2447 level. for reminder that stabilized under 1.2508 will force the price to start a negative correction until 1.2447 and then will rise up .
The expect range trading for today it will be between the resistance line 1.2574and support line 1.2508.
Additionally ,Today News will affect the market .
support line : 1.2416 , 1.2447
resistance line : 1.2534 , 1.2574
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