GBP/USD Forecast June 9, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 09 June 2016 07:19 UTC
The GBP/USD pair initially tried to rally during the day on Wednesday but turn right back around to form a shooting star. The shooting star as you can see sits just above the 1.45 level, so I believe that we can break down below that area of the market could go a bit lower. The 1.4350 level would be targeted next, and then the 1.41 handle after that. Rally should continue to be sold at this point in time, as the British pound continues to be influenced by headlines coming out of the UK involving the referendum on the European Union.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.