Support - S1 : 1.5142 | S2 : 1.5098 | S3 : 1.5014
Resistance - R1 : 1.5270 | R2 : 1.5353 | R3 : 1.5398
Main Trend - Bullish
Intraday Trend - Bullish
On forex technical analysis of 4H chart for the exchange rate GBPUSD, we can observe that the upward reaction finish at 61.8 retracements. Price failed for a valid break of EMA(200), and after that return below of EMA(200) and EMA(50) and moves within the upper channel of Andrew's Pitchfork. We have to mention the negative momentum of MACD.
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 : 1.5270 | R2 : 1.5353 | R3 : 1.5398
Main Trend - Bullish
Intraday Trend - Bullish
On forex technical analysis of 4H chart for the exchange rate GBPUSD, we can observe that the upward reaction finish at 61.8 retracements. Price failed for a valid break of EMA(200), and after that return below of EMA(200) and EMA(50) and moves within the upper channel of Andrew's Pitchfork. We have to mention the negative momentum of MACD.
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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