On GBP/USD 1 D chart, all technical information appears BULLISH for next month/June. Positive news coming from the country of Britain next month. PA is above Ichimoku cloud & ema 9 (light blue line) and ema 26 (purple line) has did a CROSS, both are above ema 50 (black line) at this time. *Noted green "X's" would have been low risk safe area's to enter new daily CALL trades. RSI has been above 50 and has room to continue upward into next month.
Noted on chart: Major monthly support of 1.4000 area and in my opinion where this GBP/USD pair will be going next month, which is to around 1.52000 area (Resistance area on 1D chart here). Wishing all great trading with low stress. At this time noted on chart there has been two days of Bearish action, I expect next week a turnaround to BULLISH side.
Noted on chart: Major monthly support of 1.4000 area and in my opinion where this GBP/USD pair will be going next month, which is to around 1.52000 area (Resistance area on 1D chart here). Wishing all great trading with low stress. At this time noted on chart there has been two days of Bearish action, I expect next week a turnaround to BULLISH side.
Comment:
*Didn't see the BREXIT coming--- on my call for this pair to be STRONG....