GBP/USD Forecast June 17, 2016, Technical Analysis

The GBP/USD pair fell below the 1.41 level during the day on Thursday, but found enough support at the 1.40 region to turn things back around and form a bit of a hammer after a significant bounce. The bounce might have been due to speculation on a delay of the EU referendum, as a British MP was shot and killed during the day by someone with a “Britain first” slogan. Ultimately though, it’s difficult to believe that is actually going to happen, so this may be a knee-jerk reaction that can be faded. - 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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