GBP / USD Technical Analysis - Uniglobe Markets

GBP / USD Technical Analysis

Posted on June 11, 2019 at 05:01 AM

The GBP / USD exchange rate remains bullish to settle at 1.2680, and stability above this level is considered positive, and may be the reason for further bullishness.

Technical indicators support the possibility of a bullish correction. However, the bullish correction will depend on the price later to breach the 1.2780 level, and breach of this level may be the catalyst for further upside. From the bottom, a break of 1.2630 will be a reason to thwart any attempt to rise.

Support: 1.2660

Resistance: 1.2745

Trend: Up above 1.2680 targeting 1.2780 as long as 1.2630 is intact

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