Jun
27

GBP/USD D1 Technical June 27

Cable is under pressure. Pair is expected to test its next support around 1.5260 level. Bollinger bands are providing sell signals for the GBP/USD. If pair manage to break through 1.5260 level and H4 or D1 candle closure below this level then it will show pair is more under pressure and GBP/USD rapidly fall towards southward and target 1.5200-160 level respectively.

But if pair fails to break its support level and get a bounce from its support then pair will start a new bullish trend and target 1.5415 level.

High impact News can affect the pair. News like Unemployment Claims, Pending Home Sales m/m, Current Account.

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