GBPUSD 19/06/2019
GBPUSD moves closer to the resistance area. 50 EMA and 100 EMA still move down on the H1 chart and prices move closer to 50 EMA. Intraday bias still tends to be bearish.
For alternative GBPUSD trading strategies based on forex technical analysis today we can look for sell signal confirmation if there is a correction to the 1.25830-1.26306 area. The target potential is up to the range 1.25536-1.25060.
Be careful if the price breaks above 1.26306 because it has the potential to frustrate this bearish scenario.
A bullish opportunity will appear if the price breaks above 1.26306, with the potential for sterling to strengthen to the range 1.26600-1.27076. If you want to open a buy position, make sure the breakout is valid.