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13.05.2022: Forex Analysis & Reviews: GBPUSD Potential For Bearish Continuation | 13th May 2022
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Forex forecast 13/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-13 UTC+3
Forex forecast 09/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-09 UTC+3
Forex forecast 08/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 07/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 06/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 05/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 30/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 29/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 28/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 24/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 23/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 22/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 21/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
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Forex forecast 09/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 09/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 08/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 07/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 04/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-04 UTC+3

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On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 1.23802 where the horizontal swing high resistance is to our 1st support at 1.21005 in line with the 61.80% Fibonacci projection. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 1.26396 where the horizontal swing high resistance is.

Trading Recommendation Entry: 1.23802

Reason for Entry:Horizontal swing high resistanceTake Profit: 1.21005

Reason for Take Profit:61.80% Fibonacci projectionStop Loss: 1.26396Reason for Stop Loss:

Horizontal swing high resistance

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaForex
© 2007-2026
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