GBP/USD & GBP/JPY Daily Forecast For June 8, 2018

Published 06/08/2018, 07:10 AM
Updated 07/09/2023, 06:31 AM
GBP/USD
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GBP/JPY
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GBPUSD & GBPJPY

GBP/USD holding first support at 1.3415/05 allows a recovery towards our selling opportunity at 1.3480/90 (again we may top just below), with stops above 1.3425.

Outlook negative & below 1.3400 targets second support at 1.3375/70. On further losses look for 1.3340/35, perhaps as far as 1.3310/00 in to next week.

GBP/JPY I only hope you tried shorts again at 148.00 for the sell off to 147.50, 147.20 & support at 146.90/80. Outlook negative & gains are likely to be limited with first resistance at 148.50/60. Unlikely but further gains retest our selling opportunity in the 148.00 area with stops above 148.50. A break higher targets 149.15/20.

A break below 146.80 looks likely eventually targeting 146.30/20. Further losses in to next week target 145.90/85 & 145.15/05.

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