GBP/USD Forecast June 13, 2016, Technical Analysis

The GBP/USD pair fell significantly during the course of the day on Friday, testing the bottom of the recent consolidation area. If we can break down below the bottom of the range for the Friday session, we could continue to go much lower, probably reaching down to the 1.41 level next. A supportive candle in this area could be a short-term buying opportunity, but with the 90 kingdom voting on whether or not to stay in the European Union here soon, expect volatility regardless of whatever happens. Because of this, selling is probably the easiest trade to do.

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