Short term BPUSD remains in a trading range between 1.4050 and 1.4350 with Brexit concern continuing to cap near term upside potential. The successively lower tops on the last 3 major swings suggest an eventual test of the 1.4050 low and a possible break to the downside as we get nearer to the UK vote on June 23rd. This morning the market has bounced off the 1.4142 pivot resistance and pushed to the upside.
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