ElenaMayi

GBPUSD 4H (bearish channel)

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD

Analyze

Generally the direction is d downtrend because price trade under strong resistance zone 1.2116 - 1.2143 and also price moving at the bearish channel
but right now if can price stable above 1.2052 by 1H candle then will try to reach 1.2068 and 1.2097

for any reasons if price back off and stable under 1.2003 then it will continue downtrend and target will be 1.1980 and 1.1941

support line : 1.2003 , 1.1980 , 1.1941
resistance line : 1.2055 , 1.2068 , 1.2097

today news will affect the market

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