The pound is still under pressure just before the referendum, which will be on 23 June. Dollar is demaned by the market participants; it gets lower only against the yen. Intrigue connected with increase in the US Fed rates still takes place.
GBP/USD technical analysis and forecast on June 15
“Bears” on the GBP / USD pair placed themselves below the upper limit of the downward channel. The RSI is in the support area, but it was already pierced before, it cannot limit the further decline in prices. Thus, the GBP / USD forecast on 15 June 2016 provides a motion to the psychological level of 1.40. Trading one should take into account the increasing volatility in the GBP / USD pair.
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