GBPUSD Daily Forecast: June 10 2016
The GBPUSD had a moderate bearish momentum yesterday bottomed at 1.4446. The bias is bearish in nearest term testing 1.4350 arae which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.4500. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall price is still trapped between 1.4700 – 1.4350 and need a clear break from that range area to see clearer direction.