GBP/USD analysis for May 30, 2023 – Rejection of the key support cluster
May 30, 2023 9:23 am
Technical analysis:
GBP/USD has been trading downside this morning but I found rejection of the key support cluster at the price of 1.2330, which is good sign for the further rally.
Due to the mid-long term upside trend and the rejection of the key support cluster, I see potential for the further rally towards upside references.
Upside objective is set at the price of 1.2390
Stochastic oscillator is showing fresh bull cross, which is good sign for the further rally.
Key support is set at 1.2330
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
GBP/USD has
been trading downside
this morning but I found rejection of the key support cluster at the
price of 1.2330, which is good sign for the further rally.
Due
to the mid-long term upside trend and the rejection of the key
support cluster, I see potential for the further rally towards upside
references.
Upside
objective is set at the price of 1.2390
Stochastic oscillator is showing fresh bull cross, which is good sign for the
further rally.
Key
support is set at 1.2330
The material has been provided by InstaForex Company – www.instaforex.com
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