Support - S1 : 1.4872 | S2 : 1.4846 | S3 : 1.4807
Resistance - R1 : 1.4936 | R2 : 1.4975 | R3 : 1.5001
Main Trend - Bearish
Intraday Trend - Bearish
According to 4H chart of forex technical analysis for the exchange rate GBPUSD, the price break downward the daily channel (black line) and close almost at the median line of Andrew's Pitchfork (blue lines). Also, price remains below EMA(50) and EMA(200) which have a downward cross between them.
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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Resistance - R1 : 1.4936 | R2 : 1.4975 | R3 : 1.5001
Main Trend - Bearish
Intraday Trend - Bearish
According to 4H chart of forex technical analysis for the exchange rate GBPUSD, the price break downward the daily channel (black line) and close almost at the median line of Andrew's Pitchfork (blue lines). Also, price remains below EMA(50) and EMA(200) which have a downward cross between them.
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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