Technical Analysis : GBP/USD 5 June 2020

Forex Technical Analysis : GBPUSD

Target Level 1.2606

Date : 5 June 2020

Support Line (A) : 1.2509 – Last TP of Channel Up

Target Period : 2 days

Interval : 4 hours

Pattern : Channel Up

Length : 42 Candles

Detail : Channel Up identified at 05-Jun-00:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2606 within the next 2 days. (Supported by Upward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

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