GBPUSD ANALYSIS 16/6/19

Jun 16, 2019

D1 CHART

GU moving within a range in the daily tf & in smaller TF (yellow box).

1. IF price breaks the pink support line, bearish movement continues to the bigger support purple line. Look for sell.

2. Price could also goes back up and move within the smaller TF (140p range) Potential for day trade/scalp.

3. IF price breaks pink resistance line, smaller TF we could look for buy to the daily resistance purple line.

Jun 20, 2019

Note

Price break out of the yellow box area and made a lower low near the daily support line.



100p movement.

After price breakout from the box area and retest at a smaller TF.