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. - 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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