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.