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14.06.202309:45 Forex Analysis & Reviews: Indicator analysis: Daily review of GBP/USD on June 14, 2023

Trend analysis (Fig. 1).

The GBP/USD currency pair may move downward from the level of 1.2607 (closing of yesterday's daily candle) to 1.2577, the 14.6% pullback level (blue dotted line). In the case of testing this level, further downward movement is possible to 1.2448, the 85.4% pullback level (red dotted line).

Exchange Rates 14.06.2023 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis - down;
  • Fibonacci levels - down;
  • Volumes - down;
  • Candlestick analysis - down;
  • Trend analysis - down;
  • Weekly chart - down;
  • Bollinger bands - down.

General conclusion:

Today, the price may move downward from the level of 1.2607 (closing of yesterday's daily candle) to 1.2577, the 14.6% pullback level (blue dotted line). In the case of testing this level, further downward movement is possible to 1.2448, the 85.4% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.2607 (closing of yesterday's daily candle) to 1.2577, the 14.6% pullback level (blue dotted line). In case of testing this level, the price may move up with the target at 1.2678, the upper fractal (red dotted line).

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Stefan Doll,
Analytical expert of InstaSpot
© 2007-2024
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