GBPUSD 14/06/2019
GBPUSD is still stuck in the support area. 50 EMA is still above the EMA 100 H1 chart even though the price is already below it. Intraday bias still tends to be bullish.
For alternative GBPUSD trading strategies based on forex technical analysis today we can look for buy signal confirmation in the area of 1.26791-1.26532. The target potential is up to the range 1.27209-1.27369.
Be careful if the price breaks below 1.26754 because it has the potential to frustrate this bullish scenario.
A bearish opportunity will appear if the price breaks below 1.26532, with the potential for sterling weakness to the range 1.26273-1.25984. If you want to open a short position, make sure the breakout is valid.