FX.co ★ GBP/USD analysis for June 11,.2019

GBP/USD has been trading upwards in past 10 hours. We found that Ichimoku Cloud served like a good support on the 4H chart. Upside preferable.

H4 Ichimoku Kijun-sen (blue line) – 1.2707 support

H4 Ichimoku Tenkan –sen (red line)-1.2690 support 2

We found that on both time-frames H4 and M30 we got price that is trading above the Ichimoku cloud, which is sign that short-term trend is bullish. On our scan we found that the trend is bullish on H4,H1,M30 and M15 time-frames, which is another good sign that GBP is in strong upward movement. As long as the price is trading above the Ichimoku cloud on H4, we will watch for long positions.Swing low support is seen at the price of 1.2653 and resistance at 1.2750. Buying opportunities are preferable. Upward targets are set at the price of 1.2810 and 1.2860.