Support - S1 : 1.4439 | S2 : 1.4375 | S3 : 1.4300
Resistance - R1 : 1.4578 | R2 : 1.4653 | R3 : 1.4716
Main Trend - Bullish
Intraday Trend - Bullish
Observing the 4H chart of forex technical analysis for the exchange rate GBPUSD we can see that the price close on Friday between EMA(50) and EMA(200). The upward move reaches 50% retracement and the price remains within the lower channel of Andrew's Pitchfork (green lines). EMA(50) and EMA(200) 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 : 1.4578 | R2 : 1.4653 | R3 : 1.4716
Main Trend - Bullish
Intraday Trend - Bullish
Observing the 4H chart of forex technical analysis for the exchange rate GBPUSD we can see that the price close on Friday between EMA(50) and EMA(200). The upward move reaches 50% retracement and the price remains within the lower channel of Andrew's Pitchfork (green lines). EMA(50) and EMA(200) 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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