The GBPUSD hits the first target - Analysis - 06-06-2022

2022-06-06 04:25:06 GMT (Economies.com)
 

The GBPUSD pair managed to achieve our first negative target at 1.2490 and settles there, waiting for more decline to visit 1.2425 that represents our next negative target.

 

Note that there is potential double top pattern under construction now, its completion will press on the price to surpass the last level and suffer additional losses that reach 1.2270.

 

In general, the bearish trend scenario will remain active unless the price rallied to breach 1.2590 and hold above it.

 

The expected trading range for today is between 1.2400 support and 1.2550 resistance.

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0183
-0.0065
0.6318%
1.2075
-0.0175
1.4249%
19.913
-0.383
1.887%
89.461
-4.203
4.487%
94.92
0.80
0.85%
1773.495
3.195
0.180%
 
 
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