Wednesday 1 July 2015

GBP/USD Finally Broke Below 1.5660




GBP/USD spent the past few days consolidating, but earlier today it finally broke below the support at 1.5660 and kept descending all day. I think the pair is headed for the next support level visible on the daily filter chart, which is 1.5430. However, between the US Non-farm payrolls tomorrow and the Greek referendum on Sunday the future seems more and more uncertain with every passing hour. I don’t know about you, but I intend to close all my positions and sit quietly until the storm passes.

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