GBPUSD Daily Forecast Jun 12 2017

GBPUSD Remains Under Pressure!

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GBPUSD Remains Under Pressure!

Outlook in GBPUSD has turned neutral with risk to the downside, resistance comes at the 1.2768 levels, stability below this level on a daily closing basis will keep the pair under pressure, support comes at the 1.2615 levels, a cut through this level will turn the focus on the 1.2514/1.2479 levels, a halt is very likely and buyer may return from here, however; below that level sees further risks towards the 1.2340 levels…

On the upside, immediate resistance is seen at 1.2768 levels, a daily closing back above that level should weaken recent fall and turn the focus back to the 1.3000 levels before the next falling…

Conclusion: The GBPUSD continues to face downside threats below the 1.2768 levels…

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