GBPUSD trading lower overnight as the DXY bulls took hold against all currencies.
Price reached 1.2150 before rebounding, likely due to the GDP data which was released at 0.8% as forecasted and like previous.
Being the last day of June, the GBPUSD is poised to record its biggest 6 month drop since 2016.
Therefore, wait for the rebound at this level (as traders seek to take profit to end the month) to complete before seeking a signal for further selling opportunities towards next support of 1.20
Price reached 1.2150 before rebounding, likely due to the GDP data which was released at 0.8% as forecasted and like previous.
Being the last day of June, the GBPUSD is poised to record its biggest 6 month drop since 2016.
Therefore, wait for the rebound at this level (as traders seek to take profit to end the month) to complete before seeking a signal for further selling opportunities towards next support of 1.20
