GBP/USD price movement, June 15, 2020


On 4 hour chart, we can see that the GBP/USD pair may rise before resuming the downside movement again. After this pair touched the lower line from the down slope pitchfork, it is likely to try to test the middle line pitchfork above the current price and rise to the 1.2546 level as the fisrt target and 1.2624 as the second one. As long as the cable does not fall bellow the 1.2473 level, the pair may well reach both targets.


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