GBP/USD Update – 01/06/2017 (11:25am) – by Arjun Lakhanpal

June 1, 2017 by

GBP/USD Update – 01/06/2017 (11:25am): A mixed bag in Cable charts.. The market has sold off to and is currently seeing a rebound from 1.2776 the 6th December high, it has not overcome any resistance of note and for now we will maintain a neutral to negative bias. Rebounds are indicated to terminate circa 1.2910 ahead of a potential move back to 1.2582/87, the 200 and 55 day ma and the 1.2366 the 10th April low. A break above 1.2910 could signal a move to test 1.3000 again..

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