GBP/USD Forecast June 19, 2014, Technical Analysis

The GBP/USD pair initially fell during the session on Wednesday, but found enough support below to turn things back around and climbed towards the 1.70 level. With that being the case, the market made a massive challenge to breakout, but did not do it as a time of writing this article. However, if we close above the 1.70 handle with any amount of time, this market could explode to the upside. That being said, we are very bullish of this market, and believe that it’s only a matter of time before we start going long now.

 

GBP/USD Forecast June 19, 2014, Technical Analysis