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. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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