The GBPUSD exit the channel - Analysis - 29-06-2022

2022-06-29 04:21:33 GMT (Economies.com)
 

The GBPUSD pair broke the bullish channel’s support line clearly and settled below it, noticing that the price closed the daily candlestick below 1.2205, which leads the price to turn to decline on the intraday basis, targeting visiting 1.2077 initially.

 

Therefore, the bearish bias will be suggested for today, noting that breaching 1.2305 will stop the negative scenario and lead the price to recover again.

 

The expected trading range for today is between 1.2130 support and 1.2280 resistance.

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0177
-0.0042
0.4086%
1.2112
0.0007
0.0603%
20.108
-0.143
0.706%
86.715
-0.546
0.626%
92.34
-2.76
2.90%
1775.625
-6.060
0.340%
 
 
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