GBPUSD Downtrend Line Rejection At 1.2712. 20.06.2024

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GBPUSD Downtrend Line Rejection At 1.2712. 20.06.2024 by BDSwiss_Academy on TradingView.com

Upcoming Events: Great Britain Official Bank Rate (11 GMT) and USA Unemployment Claims (12:30 GMT).

Technical Analysis: GBP/USD 1-hour chart shows downtrend line rejection at 1.2712.

Bearish Scenario: If rejection holds, expect a potential drop to 1.2669. A break below 1.2669 could lead to 1.2617.

Bullish Scenario: If rejection fails, expect a potential rise to 1.2741. A break above 1.2741 could lead to 1.2767.

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