GBPUSD – Daily Forex Technicals by ForexHound.com June 17th

GBPUSD failed to move lower yesterday as we anticipated but today it is giving us a second chance to get short; the pair reached the 1.9700 resistance level and is also forming a bearish divergence on the 1 hour timeframe. Moving under last night low at 1.9615 will put significant pressure on the pair aiming at the 1.9500 round number. GBPUSD failed to move lower yesterday as we anticipated but today it is giving us a second chance to get short; the pair reached the 1.9700 resistance level and is also forming a bearish divergence on the 1 hour timeframe. Moving under last night low at 1.9615 will put significant pressure on the pair aiming at the 1.9500 round number. Stops should be placed above the high at 1.9705

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