GBP/USD: the pair remains in the channel

Posted 22 June, 2022

GBP/USD four-hour chart. The currency pair continues to hold between levels (3/8) and (5/8). Now the price is going down to the main support/resistance level (4/8). As long as the price moves sideways (3/8 - 5/8), this level should not affect the price movement.

Therefore, it is worth considering the scenario with a price decrease towards the level (3/8) as a priority.

Previous forecast

22 June, 2022 12:18

← EUR/USD analysis. The US dollar is gaining momentum again

The EURUSD pair failed to maintain its positive momentum - the asset is retreating.

 

EUR/USD analysis. The US dollar is gaining momentum again

Next forecast

20 June, 2022 09:31

GBP/USD Forecast. Growth in the fourth wave of correction will continue →

There were no significant changes in the pair under consideration on the final trading day of the past week.

GBP/USD Forecast. Growth in the fourth wave of correction will continue
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