GBP/USD Forecast June 2, 2016, Technical Analysis

The GBP/USD pair fell during the course of the day on Wednesday, as we broke towards the 1.44 level. There is a significant amount of support just below here, so this point in time it would not be that big of a surprise to see a bit of a bounce. This is especially true considering that the polls recently have suggested that although there is more of a shift towards leaving the European Union, the reality is that we are still very close. With this being the case, expect a lot of volatility but I tend to prefer short-term selling opportunities.