empty
 
 
08.06.2023 06:51 PM
Technical analysis on GBPUSD for June 8th, 2023.

This image is no longer relevant

Black line- support trend line

Blue lines- expected equal size advance

Green lines- Fibonacci extension targets

Following our previous analysis on GBPUSD, we see price break above the recent highs confirming our bullish expectations. As we noted in our previous analysis as long as price is above the black support trend line we remain bullish. GBPUSD is in a positive momentum close to providing new higher highs. Our target at 1.26 remains intact and we continue to expect price to move towards that direction. The RSI is still not in overbought territory and keeps its bullish momentum.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback