GBPUSD Daily Forecast: June 20
GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2814 but whipsawed to the downside and closed lower at 1.2735. The bullish pin bar scenario remains valid, but price formed a double top formation at the EMA 200 (1.2815) as you can see on my H4 chart below which needs to be clearly broken to the upside to confirm the bullish scenario targeting 1.2900 – 1.3000/50 area. The bias is bearish in nearest term testing 1.2635 key support. A clear break and daily close below that area would nullify any bullish bias, testing 1.2500 region.
Source: http://fxinstructor.com/blog/gbpusd-daily-forecast-june-20-6
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