FX.co ★ Technical analysis for the GBP/USD currency pair for the month of June 2019

Trend analysis.

In June, it is possible to move up with the first target of 1.3086 – 21 average EMA (black thin line).

Fig. 1 (monthly chart).

Indicator analysis:

- Indicator analysis – up;

- Fibonacci levels – neutral;

- Volumes – up;

- Candle analysis – up;

- Trend analysis – up;

- Bollinger bands – down;

Conclusion on the complex analysis - the top is possible.

The overall result of the calculation of the GBP/USD currency pair candle on the monthly chart: the price is likely to have an upward trend with the absence of the first lower shadow (the first week of the month is white) of the monthly white candle and the absence of the second upper shadow (the last week is white).