Daily analysis of GBP/USD for June 05, 2017

The pair is hovering around the 200 SMA at H1 chart, with a resistance at 1.2911 helping to cap further gains. To the downside, GBP/USD should make a breakout below 1.2845 in order to resume the bearish structure and the efforts are getting weak for the buyers and that’s why we would be watching for […]