The GBP/USD technical analysis and forecast for the week 27 June 2016 – 1 July 2016

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After the results of the referendum in the UK in recent history was one “black Friday” more. Analysts and investors did not expect such an outcome and vote against this background that the reaction in the stock and currency markets has been very significant.

The GBP/USD technical analysis and forecast for the week 27 June 2016 – 1 Jule 2016

Pound showed a sharp drop in the results of the referendum. From a technical point of view, everything will depend on how the outcome of this day and the next week will begin. The pair GBP/USD tested the lower limit of the downward channel in the area of 1,32 RSI indicator on the daily chart showed the test the support level. Next week, the high volatility continues, possible test field 1.40 and the resumption of decline in prices.

 

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