GBPUSD 4H :Try to breach the resistance area

GBPUSD

New forecast

The British pound pair against the dollar continued to rise to test the pivotal resistance 1.2192 - 1.2216, and we notice that the price begins today to attempt to break the resistance area , which its targets begin by breaking to confirm the opening of the way towards heading towards 1.2270.

therefore the uptrend scenario will be affective and supported by moving average 50 Waiting to encourage the price to break the 1.2216 level and continue the rise , while keeping in mind that stabilized below 1.2156 will push the price to achieve additional losses of up to 1.2125.

The expect range trading for today it will be between the resistance line 1.2216 and support line 1.2156.

Additionally ,Today News will affect the market .

support line : 1.2156 , 1.2125
resistance line : 1.2192 , 1.2216

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