Forexity GBPUSD 4H Analysis

Overview:

Date: 14/06/2024
Symbol: GBPUSD
Timeframe: 4H
Type: Technical analysis
Direction: Bullish (Temporarily)
Style: Day trading / intraday

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We're seeing a rejection at 1.27082. I'll look for a retest around 1.27496. If the price gains momentum or is influenced by economic news, it could reach 1.27833 before hitting strong resistance and moving down. I expect the price to complete the E of the A-B-C-D-E wedge pattern on the weekly chart.