(GBP | USD) Forex Trading Analysis Today Forex Forecast | July 11, 2024 | GBPUSD Analysis
Forex Trading Analysis
Hello Guys today is Thursday, July 11th, 2024 I am going to analyze gbpusd currency pair let us start the top top-to-bottom Eli fave analysis inside the daily time frame the trend is up in pound dollar currency pure daily time frame support is present at 1. 12612 price level price action is most likely going to rise to print bullish Wave by the double zigzag leg in coming trading days decisive bearish break below 1.12612 support area is going to end up Trend in the daily chart of gbpusd currency pair
At 4hour time frame price action is sprinting higher swing highs and higher swing lows to me GP USD pair Trend looks up in 4hour time frame
At 1 hour time frame the the trend is up in 1 hour chart inaday support is present at 1. 12868 price level price action is most likely going to rise to print bullish with five impl leg which offers a chance to join an uptrend in GBP usd a decisive B break below 1.12868 level is going to end uptrend in 1 hour chart of Great British pound versus United States dollar currency pair
More specifically the green color-highlighted area offers a buying opportunity which is the previous fourth wave of one lesser degree
