GBPUSD – Daily Forex Technicals by ForexHound.com June 20th

GBPUSD just broke above the 1.9700 resistance level and it has already retested it as a support on the 4 hour charts, we can now expect the pair to move higher towards the 1.9800 bullish target. The first step would be to take our yeasterdays high at 1.9745 once there the road is open. GBPUSD just broke above the 1.9700 resistance level and it has already retested it as a support on the 4 hour charts, we can now expect the pair to move higher towards the 1.9800 bullish target. The first step would be to take our yesterday’s high at 1.9745 once there the road is open. Failure to stay above 1.9700 will certainly signal bears that the pair doesn’t have enough strength to maintain current levels.

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