GBP/USD Update – 20/06/2017 (11:55am) – by Arjun Lakhanpal

June 20, 2017 by

GBP/USD Update – 20/06/2017 (11:55am): GBP paring early Carney inspired losses in a quiet market.. GBPUSD has now rebounded and could retest the expected resistance area at 1.2834-77 which was acting as support previously. The long term view is still bullish. It is expected a bearish movement from this area targeting 1.2705 followed by 1.2620. But the scenario will be invalid if the price break the recent high at 1.3046 and that time price the bullish bias will be more significant.

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