GBPUSD Daily Forecast: June 10 2016

GBPUSD Daily Forecast: June 10 2016

10 June 2016, 05:30
Roberto Jacobs
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GBPUSD Daily Forecast: June 10 2016

GBPUSD Forecast
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.

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