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GBPUSD 4 Jun 2024

GBPUSD 4 Jun 2024 on the daily timeframe, this pair managed to reverse the trend to bullish at the end of last week. The pair is well above the kumo cloud, which indicates that the bullish trend will continue. At the moment, GBPUSD is sitting at 1.28096, with the stochastic chart still rising towards the 80 level. This shows that the bullish momentum is still strong and there is a possibility that the price will continue to rise. Traders should watch the next resistance level and the stochastic indicator to see if this trend will continue or experience a reversal.

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