GBP/USD Forecast June 7, 2016, Technical Analysis

The GBP/USD pair gapped lower at the open on Monday in reaction to the most recent polls coming out of the United Kingdom as far as they need in the European Union is concerned. That being the case, we fell rather precipitously but ended up turning right back around and look somewhat stabilized. With this, keep in mind that the headlines will continue to move this market more than anything else, and as a result it’s very difficult to trade the British pound at the moment, and as a result I am personally staying on the sidelines currently.

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