GBPUSD Analysis

٣ يونيو ٢٠٢٠

GBPUSD appears to be rejecting 1.26 which is acting as a strong resistance, if we are to see the sterling decline from this area we've highlighted where we think price could be heading which also lines up with a key fib levels. From a COT perspective it appears banks have been propping up sterling in order to sell from a better price.