GBPUSD intraday technical analysis - 29/06/2017

GBPUSD

1.29573 / 1.29583

SUMMARY

Up

TREND

Up trend

SENTIMENT

Bearish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: Risk of further price appreciation is seen above the next resistance level at 1.2982 (R1). Clearance here would suggest next intraday target at 1.3030 (R2) and then final aim locates at 1.3078 (R3).
Downwards scenario: On the other hand, clearance of our support at 1.2933 (S1) is required to determine negative intraday bias and enable lower target at 1.2878 (S2) and then any further market depreciation would suggest final support at 1.2822 (S3).

Resistance levels: 1.2982, 1.3030, 1.3078

Support levels: 1.2933, 1.2878, 1.2822