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GBPUSD Continue the sink - H4

In the 4-hour GBPUSD chart we see the price squeezing between the support line and resistance. On the other hand, by analyzing the price of support that has become a resistance, this analysis has become more operational.

The main support and resistance points in GBPUSD :

S1 : 1.2987

S2 : 1.3036

S3 : 1.3065

Pivot Points : 1.3111

R1 : 1.3141

R2 : 1.3196

R3 : 1.3223

Analysis based on technical indicators :

Up Signal:

MACD(12,26)

ROC

Descending signal:

Williams %R

Highs/Lows(14)

Ultimate Oscillator

Bull/Bear Power(13)

Moving Average Analysis:

Up Signal:

MA 50

Descending signal:

MA 5

MA 10

The developments in England can also be attributed to the signature of Queen Elizabeth II's UK exit law. However, the UK's legal time to leave the EU remains less than three days. The United States is also trying to sign a new trade agreement with the United Kingdom. There will also be a court hearing this week on Iran's complaint of buying a tank from England in the 70s and a failure to comply with a contract. According to Iranian lawyers, the UK should pay 21 million and 700,000 pounds in damages.



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