Type : Bullish rise
Resistance :1.1774
Pivot:1.1650
Support : 1.1497
Preferred Case: On the H4, with the price breaking the descending trendline and ichimoku cloud, we have a bullish bias that the price may rise from the pivot at 1.1650, where the current price and overlap resistance are to the 1st resistance at 1.1774 where the overlap resistance and 38.2% fibonacci retracement are.
Alternative scenario: Alternatively, price could drop to the support at 1.1497, where the 61.8% fibonacci retracement is.
Fundamentals: Although many data of GBP out today are lower than expectation, the drop of DXY has stronger impact on the price. Therefore, we hold a weak bullish bias.
Resistance :1.1774
Pivot:1.1650
Support : 1.1497
Preferred Case: On the H4, with the price breaking the descending trendline and ichimoku cloud, we have a bullish bias that the price may rise from the pivot at 1.1650, where the current price and overlap resistance are to the 1st resistance at 1.1774 where the overlap resistance and 38.2% fibonacci retracement are.
Alternative scenario: Alternatively, price could drop to the support at 1.1497, where the 61.8% fibonacci retracement is.
Fundamentals: Although many data of GBP out today are lower than expectation, the drop of DXY has stronger impact on the price. Therefore, we hold a weak bullish bias.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.