Jun
19

GBP/USD D1 Technical June 19

Yesterday cable a pull back from 1.5716 level and dropped around 155 pips. Bollinger bands are not providing clear signals yet.  Pair is expected to move up and test its resistance 1.5585 level.

If pair manage to break this level then GBP/USD will further move towards northward. The scenario will be vanished, if GBP/USD fails to break its resistance and H4 candle chart closure below  1.5585 level then it will indicate bearish potential and GBP/USD will then target southward.

High impact News can affect the movement of GBP/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, MPC Meeting Minutes, BOE Gov King Speaks.

 

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