GBP/USD Daily Forecast - 18 June

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Monday, Jun 18 2018

GBP/USD Daily Forecast - 18 June

The British pound has been very noisy during the week as well, initially trying to rally but then broke down significantly. I think that the market continues to go lower, and a break down below the hammer from a couple of weeks ago frees the market to go down to the 1.30 level.

Otherwise, if we can break above the top of the range for the week, then I believe the buyers are going to try to push this market towards 1.35 handle.

More in this category: « EUR/USD Daily Forecast - 15 June AUD/USD Daily Forecast - 19 June »

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