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GBPUSD Technical analysis 20 June 2018

2018-06-20 05:29 am | Resource: Technical Analysis | No Views : 61

Time frame Used - four hours
The GBPUSD is moving in a bearish direction in the near term
The selling force was able to control the GBPUSD to break level of 1.3200 down to hit level of  1.3115
  In view of the technical indicators
Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area
Therefore we expect that  the GBPUSD will  target level of  1.3200 - 1.3222
The alternative scenario is that  the GBPUSD retreated to level of 1.3060
  Resistance: 1.3200 - 1.3274 - 1.3347
Support: 1.3145 - 1.3060 - 1.3000
Direction: Down
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