GBPUSD Downtrend Line Rejection At 1.2712. 20.06.2024Upcoming Events: Great Britain Official Bank Rate (11 GMT) and USA Unemployment Claims (12:30 GMT).
Technical Analysis: GBP/USD 1-hour chart shows downtrend line rejection at 1.2712.
Bearish Scenario: If rejection holds, expect a potential drop to 1.2669. A break below 1.2669 could lead to 1.2617.
Bullish Scenario: If rejection fails, expect a potential rise to 1.2741. A break above 1.2741 could lead to 1.2767.
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