The GBPUSD retests the neckline - Analysis - 20-06-2022

2022-06-20 04:24:05 GMT (Economies.com)
 

The GBPUSD pair continued to decline to retest the breached neckline of the inverted head and shoulders’ pattern that appears on the chart, noticing that the price kept its stability above this level, accompanied by witnessing clear positive signals through stochastic, which motivates the price to start providing positive attempts now.

 

Therefore, we will keep our bullish overview unless breaking 1.2205 and holding below it, reminding you that our next main target reaches 1.2490.

 

The expected trading range for today is between 1.2160 support and 1.2320 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0443
-0.0138
1.3080%
1.2111
-0.0161
1.3091%
19.892
-1.475
6.901%
107.997
0.580
0.540%
111.63
2.60
2.38%
1810.975
-18.570
1.015%
 
 
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