Technical Analysis of GBP/USD 07/06/2018

GBP/USD currency pair continues the upward correction within the downward channel. At this point one should expect a test of the resistance area near the level of 1.3288, from where one expects a rebound and continuation of GBP falling below 1.3050.

In favor of the fall of the pair will be a resistance line test on the RSI indicator. The cancellation of the pair fall will be a strong growth and a breakdown of the resistance area with the closing of quotes above the level of 1.3315, what indicates the breakdown of the upper boundary of the channel.


Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (89 votes cast)
5.0 out of 5 based on 89 ratings

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>