GBPUSD Daily Forecast Jun 12 2017

GBPUSD Remains Under Pressure!


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…