Home Finance GBP/USD: Trading Recommendations – Analytics & Forecasts – June 3, 2021

GBP/USD: Trading Recommendations – Analytics & Forecasts – June 3, 2021

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GBP/USD is maintaining positive long-term dynamics, moving within an uptrend channel on the daily and weekly charts. Their upper limit passes through the 1.4240 and 1.4830 marks respectively. After breaking the local resistance level at 1.4240 and the upper boundary of the ascending channel on the daily chart, the 1.4830 resistance level will become the target of GBP/USD growth in the coming months. Intermediate target resistance levels for the pair’s growth 1.4580, 1.4800 . Huh (see all “Fundamental Analysis and Recommendations”)


first sign An alternative scenario could lead to a breakdown of the short-term support level 1.4164 for implementation.


support level: 1.4164, 1.4100, 1.4059, 1.4010, 1.3970, 1.3900, 1.3840, 1.3745, 1.3665, 1.3610

Resistance Levels: 1.4240, 1.4300, 1.4350, 1.4440, 1.4580, 1.4830

trading recommendations

Sell ​​stop 1.4160. Stop-loss 1.4210. Take-Profit 1.4100, 1.4059, 1.4010, 1.3970, 1.3900, 1.3840, 1.3745, 1.3665, 1.3610

Buy stop 1.4210. Stop-loss 1.4160. Take-Profit 1.4240, 1.4300, 1.4350, 1.4440, 1.4580, 1.4830

*) GBP/USD: Current fundamental analysis and market expectations

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