Market Analysis of the GbpUsd pair with Bollinger Bands Indicator on Saturday, June 6, 2026 Trading on the GbpUsd pair was transacted yesterday, initially dominated and controlled quite well by the buyers, but unfortunately, the bullish pressure from buyers is still not too strong and can be strongly suppressed by the sellers below the seller resistance area at 1.3475-1.3474, strengthened by sellers causing the price control to be taken over by the sellers who then exerted very strong bearish pressure.
Monitored using the Bollinger Bands indicator on the Daily timeframe, it is seen that the price or candlestick of the GbpUsd pair is once again dominated by bearish seller pressure, controlling the GbpUsd pair market by pushing the price down bearishly below the Middle Bollinger Bands area at 1.3442, supported by the formation of a very strong bearish candlestick and the Bollinger Bands line opening downwards indicating that future pair trading will still be dominated by stronger bearish seller pressure and the price may be brought down bearishly towards and test the Lower Bollinger Bands area at 1.3315. However, if it fails to break below the Lower Bollinger Bands area, there is a chance for buyers to push the price up bullishly targeting the Middle Bollinger Bands area. Trading the GbpUsd pair market next Monday is likely to see price movements back under the control of the buyers who continue to try to make bullish corrections by pushing the price up bullishly targeting the nearest seller resistance area at 1.3485-1.3486. However, if sellers manage to suppress the bullish momentum of buyers at the nearest resistance, the price could be controlled by sellers pushing it down bearishly targeting the nearest buyer support area at 1.3330-1.3329. Trading options next Monday are likely to continue to be dominated by very strong bearish pressure, so trading is still likely to weaken bearishly and pending orders can be placed as follows: A sell entry is made if sellers successfully break below the nearest buyer support area at 1.3330-1.3329 with a TP target area at 1.3375-1.3374. A buy entry can be made if buyers successfully break above the nearest seller resistance area at 1.3485-1.3486 with a TP target area at 1.3577-1.3578.
