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FX.co ★ Technical analysis and trading recommendations for the GBP / USD currency pair as of June 4, 2018

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Forex Analysis:::2018-06-04T21:17:20

Technical analysis and trading recommendations for the GBP / USD currency pair as of June 4, 2018

The currency pair pound / dollar continues to form a corrective movement, pushing us from the pivot point by about 200 points. Now, we see how the quotation fluctuates in the value of 1.3380, but still retaining the "bullish" interest. It is possible to assume that the upward mood will still be preserved, where the quotation will try to get closer to the range level of 1.3440, which at the same time reflects us the interlacing with the Fibo value of 23.6. Given the coordinates (1.3440), I would consider for a good stop and, perhaps, even for a change in trading forces.

Technical analysis and trading recommendations for the GBP / USD currency pair as of June 4, 2018

Analyst InstaForex
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