GBPUSD Trading Forecast for June 6, 2016
As stated in the last analysis, we anticipated GBPUSD to temporarily correct upwards 1.4509-1.4554 and price did hit the target, making new highs at 1.4580.
However, a gap is visible from 4 hours time frame to lower period. Hence, we believe that cable is soon to resume its downward trend which may temporarily go down at around 1.4170-1.4180.
However, a gap is visible from 4 hours time frame to lower period. Hence, we believe that cable is soon to resume its downward trend which may temporarily go down at around 1.4170-1.4180.
