GBPUSD Daily Forecast: June 01 2016

GBPUSD Daily Forecast: June 01 2016

1 June 2016, 05:31
Roberto Jacobs
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GBPUSD Daily Forecast: June 01 2016

GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday after another failure to make a clear break above 1.4700 key resistance as you can see on my daily chart below, bottomed at 1.4464. The bias is bearish in nearest term testing 1.4350. Immediate resistance is seen around 1.4550. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.

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