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JinDao_Tai
Jun 30, 2022 8:16 AM

GBP/USD Outlook (30 June 2022) Short

British Pound/U.S. DollarFXCM

Description

GBPUSD trading lower overnight as the DXY bulls took hold against all currencies.

Price reached 1.2150 before rebounding, likely due to the GDP data which was released at 0.8% as forecasted and like previous.

Being the last day of June, the GBPUSD is poised to record its biggest 6 month drop since 2016.

Therefore, wait for the rebound at this level (as traders seek to take profit to end the month) to complete before seeking a signal for further selling opportunities towards next support of 1.20
Comments
AshaDi
Brilliant! May I ask you to post an idea for USOIL as well? thank you!
JinDao_Tai
@AshaDi, sure thing! I have that scheduled for tomorrow....
stay tunned :)
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