country flagالعربية

GBPUSD Technical analysis 22 June 2018

2018-06-22 01:15 am | Resource: Technical Analysis | No Views : 70

Time frame Used - four hours
The GBPUSD is moving in a bearish direction in the near term
The purchasing power managed to control the GBPUSD to bounce back to the resistance level of 1.3274  as it faces selling pressures around this level.
  In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area
Accordingly, we expect that the GBPUSD will fall to levels of  1.3152 - 1.3100
The alternative scenario is that the GBPUSD breach level of 1.3274 to the upside targeting level  of 1.3347, which by breaching above will target level of 1.3446
  Resistance: 1.3274 - 1.3347 - 1.3446
Support: 1.3218 - 1.3152 - 1.3100
Direction: Down
Technical Analysis
Forex Analysis
Bitcoin News

Other news

The pound retreated against major currencies after negative comments on the Brexit

 The British pound fell against its major counterparts in the European session on Friday as EU leaders rejected the Chekers plan presented by Teresa May at a summit in Salzburg, giving a blow to their chances of reaching an agreement after Britain's exit from the European Union. Negative remarks from the EU on the Brexit  French President Emmanuel Macaron said on Thursday that the main people behind the UK "exit"…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.