GBP/USD analysis for June 02, 2023 – Strong upside momentum
June 2, 2023 8:26 am
Technical analysis:
GBP/USD has been trading upside as I expected. The momentum is still strong to the upside and there is the chance for the higher prices towards upside reference.
Due to the mid-long term upside trend and the short-term upside momentum, I see potential for the further growth towards the upside reference.
Upisde objective is set at the price of 1.2670
MACD oscillator is showing bull reading, which is good sign for the upside continuation.
Key support is set at the price of 1.2310
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD
has been trading upside
as I expected. The momentum is still strong to the upside and there
is the chance for the higher prices towards upside reference.
Due
to the mid-long term upside trend and the short-term upside momentum,
I see potential for the further growth towards the upside reference.
Upisde
objective is set at the price of 1.2670
MACD oscillator
is showing bull reading, which is good sign for the upside
continuation.
Key
support is set at the price of 1.2310
The material has been provided by InstaForex Company – www.instaforex.com
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