GBP/USD Forecast June 16, 2016, Technical Analysis

The GBP/USD pair bounced slightly during the course of the day on Wednesday, using the 1.41 level as support. At this point in time, the market could try to reach higher but there is a significant amount of resistance near the 1.4350 level. Ultimately, I think that this is a pair that will have more or less a fairly negative bias to it, mainly because it is a lot of uncertainty when it comes to the EU referendum vote. This will more than likely be a market that you can sell on signs of exhaustion again and again until we get that resolved.

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