I think price will rise to resistance of 1.4340 there is movin average simple 55 on 4hours ,if price close above it we will see more rising but if price failed to close above it ,price will drop again to 1.422
I think price will rise to resistance of 1.4340 there is movin average simple 55 on 4hours ,if price close above it we will see more rising but if price failed to close above it ,price will drop again to 1.422
After doing a bit of movement correction, the price moves up again and managed to make a new high at 1.4420 level. We'll wait and see if this resistance can be penetrated or not. If yes then go and if not there will be another correction.
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After passing through the 1.4411 resistance, it's become stronger bullish position. 1.4470 level becomes very important now because if it can penetrate the price will be bullish again to 1.4490 and 1.4510. If it can not be penetrated then the price can go down to the 1.4411 level again.
Price movements tend to follow the uptrend is still ongoing, and the prices are still in sideway between 1.4481 as resistance and 1.4465 as support. Here support is essential to determine whether there will be breakout or rebounce. If its breakout the target is 1.4445, if rebounce the target at resistance level.
according to this hourly chart If this support is to hold, some bullish dominance would be expected.bcz the two ema just cross each other positively and price is above two ema.
the take profit pips will be -100
with stop loss pips of-200
pairs has moving for more than 150 pips bullish situations,and what you analysis next?gbp have good news todays and
i think price will get corrections some.
i sold that pair from 1.4555
my stop loss will be on 1.4577
my target will be 1.4500
this is my current order on that pair
the pair is on correction move now after last week this pair going upward so high ,so i think this pair will continue for uptrend reach level 1.4600 again next week
The consolidation moment is still in progress for this pair as long as one of borders not yet broken by this pair and now is still in the middle of higher barrier level 1.4619 and lower barrier level 1.4454 it means so better to anticipate bearish trend starting scenario.
GBPCHF
the price now is 1.4470 which present a good support for the pair here
moving and other indicators at hour frame refers to a bull move in the rest of day hours to point 1.4550
GBPCHF.png
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