FX.co ★ GBP/USD analysis for June 09, 2023 - Potential for the further upside continuation

Technical analysis:

GBP/USD has been trading upside as I expected and the market is heading towards first upside objective at the price of 1.2655.

Due to the mid-long term upside trends and strong momentum to the upside in the background, I see potential for the further rally towards next reference point.

Next upside objective is set at the price of 1.2655

MACD oscillator is showing new momentum to the upside, which is good confirmation for the further upside continuation.

Support cluster is set at the price of 1.2314