GBP/USD technical analysis and forecast on June 8

forex_news_gbp_7Recent polls conducted in the Britain indicate that the number of people who support the UK quit from the EU has increased dramatically. «Daily Telegraph» newspaper reported that 69% of its subscribers will vote for such an outcome of the referendum.

GBP/USD technical analysis and forecast on June 8

The pound has shown a rapid growth from the level of 1.4400, quotes returned within the ascending channel. The RSI is approaching the resistance level, which limits the further strengthening of sterling by level 1.4650. The GBP / USD Forecast on 8 June 2016 involves the development of an upward movement, but during the trade one should take into account the increased volatility of the pound.


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