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.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com