GBP/USD Forecast June 6, 2014, Technical Analysis

The GBP/USD pair rose during the bulk of the session on Thursday, busting above the 1.68 level area. The market looks rather bullish, and as a result it is likely that we will continue to go higher, heading to the 1.70 level given enough time. Pullbacks at this point time will probably be buying opportunities, but be aware the fact that the nonfarm payroll numbers come out later today. That of course will more than likely move this market significantly, so be prepared for volatility if you do get involved ahead of time.

 

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