Forexity GBPUSD 4H Analysis
Overview:
Date: 14/06/2024
Symbol: GBPUSD
Timeframe: 4H
Type: Technical analysis
Direction: Bullish (Temporarily)
Style: Day trading / intraday
. . .
We're seeing a rejection at 1.27082. I'll look for a retest around 1.27496. If the price gains momentum or is influenced by economic news, it could reach 1.27833 before hitting strong resistance and moving down. I expect the price to complete the E of the A-B-C-D-E wedge pattern on the weekly chart.
Date: 14/06/2024
Symbol: GBPUSD
Timeframe: 4H
Type: Technical analysis
Direction: Bullish (Temporarily)
Style: Day trading / intraday
. . .
We're seeing a rejection at 1.27082. I'll look for a retest around 1.27496. If the price gains momentum or is influenced by economic news, it could reach 1.27833 before hitting strong resistance and moving down. I expect the price to complete the E of the A-B-C-D-E wedge pattern on the weekly chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.