empty
 
 
15.06.2021 04:34 PM
GBP/USD Hot Forecast for 15 June
  • GBP/USD witnessed some heavy selling on Tuesday and dropped to one-month lows.
  • COVID-19/Brexit woes acted as a headwind for the sterling amid a stronger greenback.
  • Mixed US macro data did little to provide any meaningful impetus or lend any support.
  • Investors might refrain from placing any aggressive bets ahead of the FOMC decision

This image is no longer relevant

GBP/USD has bounced off the fresh two-month low of 1.4034 but remains depressed. The delay in Britain's reopening is outweighing upbeat UK job figures. Tension is mounting ahead of the Fed.

While the currency pair tripped below the support on the four-hour chart, momentum is only marginally to the downside. Bears are in thae lead, but bulls may still give a fight.

Pound/dollar faces critical support at 1.4070, a double-bottom formed in recent days, and it is followed by 1.4050, 1.4010 and 1.3980, all levels that were last seen in early May.

Resistance is at 1.41, which provided support early in the week, and it is followed by the daily high of 1.4030. Further above, 1.4185 was a high point last week.

Jan Novotny,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Jan Novotny
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback