GBP/USD Update – 15/06/2017 (11:31am) – by Arjun Lakhanpal

June 15, 2017 by

GBP/USD Update – 15/06/2017 (11:31am): A volatile day for the GBP, but rebounds are being capped by 1.2820/40 resistance. While this level holds, and with the USD at risk of a stronger rebound in the short-term, we are still biased for a move lower. Next support below the 1.2636 election night reaction low is 1.2550, which is close to the midpoint of our expected 1.20-1.30 range.

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