GBPUSD OUTLOOK

4 thg 6

GBPUSD Technical Analysis:

The price recently touched the resistance level of 1.2877 and subsequently reversed to test its previous barrier around 1.2740. As a result, the price is expected to consolidate between 1.2697 and 1.2820 until a breakout occurs.

• Bullish Scenario: A break above 1.2819 will support a bullish trend, targeting the levels of 1.2877 and 1.2956.
  
  
• Bearish Scenario: the price can reach the support level at 1.2697. However, a break below this level is necessary to initiate a bearish trend towards 1.2541.
  
  Key Levels:
  Pivot Price: 1.2750
  Resistance Levels: 1.2877, 1.2956, 1.3037
  Support Levels: 1.2697, 1.2620, 1.2541
  
  The price movement is expected to oscillate between the resistance at 1.2956 and the support at 1.2697.

13 thg 6

Ghi chú

the price moved as we mentioned in the chart

so now still consolidated between 1.28200 and 1.2700