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GBPUSD Recovers after Big Fall | June 12, 2017



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Gbpusd is trying to recover after big fall due to election effect. It found support at 1.2636 level. Hope, it will act as new strong support for this pair. Now, this pair is staying on 1.2770 resistance level which was the previous support level. It can be critical for further movement for this pair. If any big bullish candle can break this level on the upper side and stay above the resistance, then we may get more bullish movement on this pair. Target will be 50-100 pips.

If this pair fails to break this level and stay below this level, then we can expect sell on this pair and target will be 50-150 pips.

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