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Back Technical analysis
GBP/USD – June 26th: The Pound Remains Stable, but That Is Not Enough
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair performed a rather difficult rebound from the 1.3158–1.3177 support level, reversed in favor of the pound, and began a gradual advance toward the 1.3268–1.3277 resistance level. Therefore, the pair may continue to rise during the day for technical reasons. Consolidation below the 1.3158–1.3177 support level will favor the U.S. dollar and a resumption of the decline toward the 127.2% Fibonacci level at 1.3025.The wave structure turned bearish following the FOMC meeting. The latest
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
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