GBPUSD Forecast June 5, 2017, Technical Analysis
The GBPUSD pair initially fell during the day on Friday, and saw quite a bit of volatility after the jobs number came out in the United States less than anticipated.
The GBPUSD pair initially fell during the day on Friday, and saw quite a bit of volatility after the jobs number came out in the United States less than anticipated.
AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend.
The EURUSD pair rally during the day on Monday and relatively thin conditions as Europeans would’ve been celebrating Easter Monday.
The AUDUSD pair rallied during the Monday session, testing the 0.76 level.
AUDUSD remains in downtrend from 0.7749.
GBPUSD continued its upward movement from 1.2109 and the rise extended to as high as 1.2494.
AUDUSD stays above 0.7663 support and remains in uptrend from 0.7490.
The EURUSD pair initially fell on Tuesday, but found enough support underneath to bounce a bit and reach towards the 50-day exponential moving average.
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0340, and the fall from 1.0774
The GBPUSD pair rallied on Monday, as the US dollar softened a bit overall.The 1.27 level above could be resistive yet again, but I think the real massive “ceiling” in this market is closer to the 1.2850 level above.