Three weeks before the national referendum in the UK on the issue concerning the membership the full intensity remains in the EU. The pound fell in the beginning of the week caused by the results of the latest opinion polls, which revealed a lot of people, who wants to “slam the door.”
The GBP/USD technical analysis and forecast for the week 06 June 2016 – 06 June 2016
The pound was able to stay within the ascending channel, but the RSI on the daily chart showed a strong decline toward the neutral zone. The GBP / USD Forecast for the week 06 June 2016 – 10 June 2016 involves the development of an upward trend, but the channel breakdown risks remain on the background of high volatility in the pound. The first objective for the sterling increase is located close to the 1.4650.
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