Indicator analysis: Daily review of GBP/USD on June 28, 2023
June 28, 2023 8:23 am
Trend analysis (Fig. 1).
The GBP/USD currency pair may move downward from the level of 1.2744 (closing of yesterday’s daily candle) to 1.2719, the 23.6% pullback level (blue dotted line). In the case of testing this level, the price may move up with the target of 1.2785, the 61.8% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – down;
Fibonacci levels – down;
Volumes – down;
Candlestick analysis – down;
Trend analysis – down;
Weekly chart – down;
Bollinger bands – down.
General conclusion:
Today, the price may move downward from the level of 1.2744 (closing of yesterday’s daily candle) to 1.2719, the 23.6% pullback level (blue dotted line). In the case of testing this level, the price may move up with the target of 1.2785, the 61.8% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.2744 (closing of yesterday’s daily candle) to 1.2708, the 14.6% pullback level (red dotted line). In the case of testing this level, the price may move up with the target of 1.2785, the 61.8% pullback level (red dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Trend analysis (Fig. 1).
The GBP/USD currency pair may move downward from the level of 1.2744 (closing of yesterday’s daily candle) to 1.2719, the 23.6% pullback level (blue dotted line). In the case of testing this level, the price may move up with the target of 1.2785, the 61.8% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move downward from the level of 1.2744 (closing of yesterday’s daily candle) to 1.2719, the 23.6% pullback level (blue dotted line). In the case of testing this level, the price may move up with the target of 1.2785, the 61.8% pullback level (red dotted line).
Alternatively, the price may move downward from the level of 1.2744 (closing of yesterday’s daily candle) to 1.2708, the 14.6% pullback level (red dotted line). In the case of testing this level, the price may move up with the target of 1.2785, the 61.8% pullback level (red dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
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