GBP/USD analysis for June 01, 2020 – Rejection of the resistance trendline. Watch for the downside rotation towards the 1.2335

Corona virus summary: Technical analysis: GBP/USD has been trading upwards. The price tested and rejected of the resistance trendline at the price of 1,2425. I see further downside rotation towards the level of 1,2334 due to overbought condition. Trading recommendation: Watch for selling opportunities on the GBP due to overbought condiiton on the Stochastic oscillator […]