Support - S1 : 1.5146 | S2 : 1.5078 | S3 : 1.5031
Resistance - R1 : 1.5261 | R2 : 1.5308 | R3 : 1.5376
Main Trend - Bullish
Intraday Trend - Bullish
Studying the forex technical analysis on 4H chart for the exchange rate GBPUSD, we can observe that the price remains above EMA(50) and EMA(200). There are two Andrew's Pitchfork. Price move within the lower channel of the first Andrew's Pitchfork (blue lines). Also, price move within the upper channel of the second Andrew's Pitchfork (red lines).
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 : 1.5261 | R2 : 1.5308 | R3 : 1.5376
Main Trend - Bullish
Intraday Trend - Bullish
Studying the forex technical analysis on 4H chart for the exchange rate GBPUSD, we can observe that the price remains above EMA(50) and EMA(200). There are two Andrew's Pitchfork. Price move within the lower channel of the first Andrew's Pitchfork (blue lines). Also, price move within the upper channel of the second Andrew's Pitchfork (red lines).
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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