GBP/USD Forecast June 10, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 June 2016 08:14 UTC
The GBP/USD pair fell during the day on Thursday, as we broke down below the 1.45 handle. That is a negative sign, and as a result I believe that the market is going to continue to drop, perhaps reaching down to the 1.4350 level. Buying really isn’t a thought at the moment, but I do recognize that there is a significant amount of headline risk coming out of the United Kingdom due to the boat on exiting the European Union. In other words, this is a market that is going to be very difficult to navigate.

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.