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Saturday, June 05, 2021

πŸ’  GBPUSD: strategic targets for June 7 - 11.

πŸ’  GBPUSD: strategic targets for June 7 - 11.

GBP/USD OANDA:GBPUSD

Cable is expected to be down during the new week as the buying bias on CoT reports has decreased by 12%.
♻️ The strong nature of the anticipated fall in the British pound confirms the 3% increase in market volume from the new CFTC reports.
The likelihood of the asset's price corridor flattening confirms a 1% increase in institutional investors' locked positions.
πŸ”₯ In case of option level test at 1.4250 quote we expect impulsive decline with targets: balance of the week (1.4142) and option marker loss level at 1.3962 price point.
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