Lihat juga
05.12.2023 03:24 PM
Forecast:
The expected trading range for today is between 1.2590 support and 1.2732 resistance.
RSI is always calling for a strong bullish market. The expected trend for today: Bullish
The GBPUSD pair fluctuates near the EMA50, and it keeps its stability above 1.2590 level, keeping the bullish trend scenario valid for today, supported by stochastics' positivity that appears clearly now, waiting for visiting 1.2732 level as a next main station, reminding you that breaking 1.2590 will turn the trend to the downside to head towards 1.2515 levels initially.
Probably, the main scenario is continued growth to 1.2732 (the high of the American session on December 05; 2023). Next target : 1.2732. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above MA 100 H1, may be you need to look for entry points to buy at the end of the correction.
The alternative scenario is final consolidation below the MA 100 H1 level with a subsequent decline to 1.2448 (the low of the European session).
Forecast :
Long buy at 1.2590, with the targets of 1.2732 and 1.2777. Stop loss should be placed below the last bearish wave of 1.2448.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
