GBPUSD – 60 pips profit for the bulls

14.06.2023

Daily: the bulls are attacking the upper Bollinger band (1.2590) on increased ADX, which indicates a high probability of breaking through this resistance.

H4: The nearest actual target is at 1.2636 (upper Bollinger band). We also note here the presence of the trend potential from the ADX.

H1: possible level for buying is 1.2577 (middle Bollinger line). Thus, the bulls have an opportunity to collect about 60 points of profit today.

Conclusions: growth from 1.2577 to 1.2636.

Recommendations: Buy from 1.2577 to 1.2636.