GBPUSD / Key Levels and Price Movement Scenarios

26 jul GBP/USD Analysis: Bearish and Bullish Scenarios with Key Levels and Expected Price Movement

The price is expected to trade in a bearish zone due to its stabilization below the pivot line at 1.28770, with an initial target of 1.28190.

Bearish Scenario: As long as the price remains below 1.28770, it is likely to drop to 1.28190, and further declines could gradually lead to 1.26970.

Bullish Scenario: For an uptrend to be confirmed, the price must close a 4-hour candle above 1.28770, potentially rising to 1.2956.

Key Levels:
- Pivot Price: 1.2877
- Resistance Levels: 1.2956, 1.3037, 1.3100
- Support Levels: 1.2819, 1.2750, 1.2697

The price movement is anticipated to oscillate between the resistance at 1.2956 and the support at 1.2770.

29 jul

Comentarios

the price dropped about 60 pip and still running to get the support line we mentioned which is 1.2750 and 1.2697 especially if stabilized under 1.2819