GBP/USD analysis for June 09, 2023 – Potential for the further upside continuation
June 9, 2023 8:22 am
Technical analysis:
GBP/USD has been trading upside as I expected and the market is heading towards first upside objective at the price of 1.2655.
Due to the mid-long term upside trends and strong momentum to the upside in the background, I see potential for the further rally towards next reference point.
Next upside objective is set at the price of 1.2655
MACD oscillator is showing new momentum to the upside, which is good confirmation for the further upside continuation.
Support cluster is set at the price of 1.2314
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD
has
been trading
upside
as I expected and the market
is heading towards first upside objective at the price of 1.2655.
Due
to the mid-long term upside trends and strong momentum to the upside
in the background, I see potential for the further rally towards next
reference point.
Next
upside objective is set at the price of 1.2655
MACD
oscillator is showing new momentum to the upside, which is good
confirmation for the further upside continuation.
Support
cluster is set at the price of 1.2314
The material has been provided by InstaForex Company – www.instaforex.com
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