GBP/USD Forecast June 8, 2016, Technical Analysis

The GBP/USD pair rallied during the day on Tuesday, but gave up about half of the gains. With this being the case, the market looks like it is going to continue to be volatile and you have the understand that it is going to be beholden to the latest headlines coming out of Great Britain when it mentions the so-called “Brexit” this month. With a couple of weeks before the vote actually happens, this is a market that could be very difficult to deal with as we chop around back and forth due to the latest headlines.