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22.06.202205:02 Forex Analysis & Reviews: GBPUSD Potential For Bullish Continuation | 22nd June 2022

Exchange Rates 22.06.2022 analysis

Description:On the H4, with prices expected to bounce off the ichimoku support, we have a bullish bias that price will rise from our 1st support at 1.21846 where the horizontal overlap support,50% fibonacci retracement and 61.8% fibonacci projection to our 1st resistance at 1.24327 in line with the 61.8% fibonacci projection, 78.6% fibonacci retracement and pullback resistance. Alternatively, price may break 1st support structure and head for 2nd support at 1.19313 where the horizontal swing low support is.

Trading Recommendation

Entry: 1.21846Reason for Entry:horizontal overlap support,50% fibonacci retracement and 61.8% fibonacci projection

Take Profit: 1.24327Reason for Take Profit:61.8% fibonacci projection, 78.6% fibonacci retracement and pullback resistance

Stop Loss: 1.19313Reason for Stop Loss: horizontal swing low support

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
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