Monthly reviews

GBPUSD market technical outlook

GBPUSD

Analysis method - “Gann Swings + Price Action”

June 30, 2018


Monthly chart: Development of trending downswing continues within long-term downtrend. There were no signs of weakening and stalling of this swing so far, therefore, further deepening with general aim at the low 1.1525 can be expected.

Conclusions: Continuation of quotes’ decline in direction 1.2200 and 1.1515.

Trading recommendations: Shorts in direction 1.2200 and 1.1515.