.st0{fill:#FFFFFF;}

GBPUSD Monthly Forex Forecast for June 2018 

 June 6, 2018

By  Advanced Strategies

GBPUSD Monthly Forex Forecast for June 2018

The GBPUSD has broken below multiple levels of support and it’s trading down more than 1000 pips counting from April high. However, even though this is a strong bearish trend on the daily chart the stochastic indicator has posted extreme oversold readings suggests that sooner rather than later a bounce can be in the cards. The next logical and big support level only comes in at 1.3100 followed by the big psychological number 1.3000. On the upside the, the first level of resistance comes at 1.3390 but more importantly the big round number 1.3500 remains the critical level that the bears need to defend.

A break and a daily close above 1.3500 can put in motion a larger correction or at least more ranging activity to be expected. The fundamental catalyst that caused the British Pound to lose more than 4% in value in the course of a month is the soft inflation readings. The UK inflation slowed down to 2.1%, which hints that the BOE might not be that eager to deliver another interest rate hike. The market is also pessimistic about May’s government to successfully implement a soft BREXIT, which is negative for the British Pound.

Previous GBPUSD Monthly and Weekly Forex Forecast

GBPUSD Monthly Forex Forecast for June 2018


Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today

Advanced Strategies


Your Signature

related posts:


GBP/USD Daily Price Forecast – 28th March 2024


GBP/NZD Daily Price Forecast – 27th March 2024


USD/JPY Daily Price Forecast – 26th March 2024

Leave a Reply:

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Advanced Forex Strategies