GBPUSD Daily Outlook 30-06-20 – On Monday we found out that the US pending home sales jumped a record 44.3% in May, China is about to impose tit-for-tat visa restrictions on US officials over Hong Kong, and Canadian Industrial Product Price Index rose 1.2% in May.

Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.

On Tuesday we’ll be eyeing the UK GDP, Euro area’s Core inflation rate for June, and the US consumer confidence.

Today I’m looking at the GBP/USD pair which just hit the upper band of the Ichimoku cloud on the daily chart which is acting as a support after days of losses. The Kijun line has crossed below the Tenkan line as a bearish indication and the next support is at 1.22 which is the 61% Fibonacci retracement level.

If based on Tuesday’s events the pair is able to break below the cloud, that would further strengthen our medium-term bearish outlook.

Do you think the current support will hold the pair from further drops? Head over to the comments section and let me know.

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