Support - S1 : 1.4698 | S2 : 1.4659 | S3 : 1.4586
Resistance - R1 : 1.4811 | R2 : 1.4884 | R3 : 1.4924
Main Trend - Bearish
Intraday Trend - Bearish
On 4H chart of forex technical analysis for the exchange rate GBPUSD, we can realize that the price accepts strong pressure downward. The price remains below EMA(50) and EMA(200) which have a downward cross between them. We can observe that the price is moving within the upper channel of Andrew's Pitchfork and has declined near to median line.
We have to pay attention because at this level a support is possible who can lead the price to an upward reaction.
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 : 1.4811 | R2 : 1.4884 | R3 : 1.4924
Main Trend - Bearish
Intraday Trend - Bearish
On 4H chart of forex technical analysis for the exchange rate GBPUSD, we can realize that the price accepts strong pressure downward. The price remains below EMA(50) and EMA(200) which have a downward cross between them. We can observe that the price is moving within the upper channel of Andrew's Pitchfork and has declined near to median line.
We have to pay attention because at this level a support is possible who can lead the price to an upward reaction.
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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