FX.co ★ Alpha302 | GBP/USD
GBP/USD
H-1 Chart Technical Outlook GBP/USD During a rollback, the daily balance of 1.2660, the pair will continue to move towards resisting H1 1.2720. If they can break resisting H1, the growth will continue to resisting H4, they cannot break.. Through 1.2720, we will return to the daily balance. At the beginning, everything happened the same. In the morning, they did not break the daily balance of 1.2660, they reached a peak of 1.2714 and returned to the daily balance of 1.2660 without breaking resisting H1., and could break. After breaking the daily balance of 1.2660 yesterday, a decline was considered to the support of H1 1.2620, where they reached, but they have not yet broken it, so the growth potential is again intact. H1 1.2720. Today for the GBP/USD pair, for H1 we have the old support of 1.2620 and the pair is close to it, but they have not broken it yet. The resistance for H1 is at 1.2720, the resistance for H4 remains at 1.2865., and the balance of the day is at 1.2670. If they cannot break the support for H1 1.2620, then for GBP/USD, I would assume a rollback to the balance of the day at 1.2670, if they cannot break it, then we will return to the support for H1 1.2620. If the balance of the day breaks through 1.2670, then before the breakthrough of the support for H1 1.2620, we will find a reversal in the resistance's correction for H1 1.2720, but before the difficult level of 1.2695, they can turn around. Around it if they cannot break it. If the resistance for H1 1.2720 does not hold, we will return to the support of H1 1.2620. If the support H1 1.2620 is broken, we will see continue the south and a decline in the pair to 1.2510, only to 1.2540, where I expect a rollback from one level with a further decline direct the main. . Target 1.2205. If the resistance H1 1.2720 is broken, we will confirm continuing the correction to the resistance H4 1.2865.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade