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GBPUSD






6/20/2017 6:29:42 AM

GBPUSD - Technical Analysis: Tuesday, 20/06/2017 10:29 GMT



The GBPUSD pair declined again to approach from testing the important support 1.2688 after the rise that it witnessed yesterday, noting that the recent trades are confined inside potential rising wedge, indicating the chance of facing correctional bearish pressure in the coming period, and the decline will be confirmed in case breaking 1.2688 level and settling below it, which will push the price to visit 1.2577 level initially.

On the other hand, surpassing 1.2825 will release the price from the current negative pressure and push trades to visit the recently recorded top at 1.3046 mainly.


Target
Risk


Support
Resistance


Trend Sideways

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