GBPUSD ( UNDER PPI PRESURE ) ( 4H )

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GBPUSD

HELLO TRADERS

Tendency the price trade above turning level at 1.29, indicates is under bullish pressure

TURNING LEVEL : a black line between resistance and support level around 1.29 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level

RESISTANCE LEVEL : there is a green line above turning level around 1.30 , indicates selling have already increase this level , when you reach this level buyer have more supply for GBPUSD

SUPPORT LEVEL : there is a black line below turning level around 1.28 , indicates buying have already increase this level , when you reach this level selling have more demand for GBPUSD

PRICE MOVEMENT : the price after CPI breaking channel , know the price has taken a bullish direction , have three conditions for GBPUSD price movement

FIRST CONDITION : price directly to touch a resistance level at 1.30 , then to reach a 1.31

SECOND CONDITION : the price trying to reach a turning level at 1.29 , after rising a resistance level

THIRD CONDITION : if the price breaking turning level by open 4h candle below a this level reach a support level at 1.28 , then trade below this level reach a 1.27

TARGET LEVEL :
RESISTANCE LEVEL : 1.30 , 1.31
SUPPORT LEVEL : 1.28 , 1.27

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