GBP/USD Forecast June 27, 2016, Technical Analysis

The GBP/USD pair fell apart during the day on Friday as it was announced out the United Kingdom has voted believe the European Union. Because of this, the British pound sold off drastically as we sliced through quite a few supportive levels. Ultimately, the British pound will continue to selloff in my estimation, but we need some type of short-term bounce that show signs of exhaustion in order to continue to sell this market going forward. We have no interest whatsoever in buying this market as the British pound will continue to devalue. - 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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