GBP/USD Forecast February 18, 2016, Technical Analysis

The GBP/USD pair went back and forth during the course of the session on Wednesday, as we continue to bounce around near the 1.43 handle. Because of this, it looks as if the market is going to continue to find quite a bit of volatility, but at the end of the day it looks like we could continue a bit lower but may see a slight bounce in the meantime. In other words, we feel that this is a choppy yet slightly negative market at the moment. We are not expecting major moves though.