Support - S1 : 1.5002 | S2 : 1.4976 | S3 : 1.4922
Resistance - R1 : 1.5083 | R2 : 1.5136 | R3 : 1.5163
Main Trend - Bearish
Intraday Trend - Bearish
Analyzing the 4H chart of forex technical analysis for the exchange rate GBPUSD you can observe that the price moves within the upper channel of Andrew's Pitchfork forming a local double bottom. EMA(50) and EMA(200) have a downward cross between them and price remain below.
Considering all the details from the charts of forex technical analysis, we can detect all critical levels and trading targets for H1 and H4 timeframes:
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