GBP/USD Forecast June 20, 2016, Technical Analysis

The GBP/USD pair initially fell during the course of the day on Friday, but turned right back around to form a very bullish looking candle. However, there is quite a bit of resistance just above and of course we have the UK voting on the EU referendum in a few days, so at this point in time it’s probably best to leave this particular pair alone. With that, being on the sidelines is probably the only realistic move to have until we get some type of answer to that referendum as it will be so influential.