FX.co ★ GBP/USD - Bearish outlook - for June 14, 2013 (daily strategy)

The British pound lost bullish strength, with a drop of over 100 points from its monthly maximum. However, if you look at the chart you will notice that this pair failed to close above the 200-day moving average. Given that it is away from yesterday's highs, it is likely to intensify the fall of the pair for the next week. Although there may be a recovery of the pound in the short term, especially as a pullback will be a good chance to sell this pair at resistance levels with target at 1.5350. On the other hand, next week will be crucial for the pair.

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