GBP/USD analysis for June 27, 2023 – Potential completion of the upside correction
June 27, 2023 9:23 am
Technical analysis:
GBP/USD has been trading upside this morning but I found rejection of the previous day high at the price of 1.2750. I see potential for the further downside movement.
Due to the potential completion of the upside correction ABC and rejection of the previous day high, I see potential for the further drop towards lower reference.
Downside objective is set at the price of 1.2690
MACD oscillator is showing decreasing in the upside momentum, which is good sign for the further downside movement.
Key resistance is set at the price of 1.2750
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD
has been trading upside
this morning but I found rejection of the previous day high at the
price of 1.2750. I see potential for the further downside movement.
Due
to the potential completion of the upside correction ABC and
rejection of the previous day high, I see potential for the further
drop towards lower reference.
Downside
objective is set at the price of 1.2690
MACD
oscillator is showing decreasing in the upside momentum, which is
good sign for the further downside movement.
Key
resistance is set at the price of 1.2750
The material has been provided by InstaForex Company – www.instaforex.com
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