GBP/USD Forecast February 5, 2016, Technical Analysis

The GBP/USD pair had a volatile session on Thursday, but ultimately pull back a little bit to form a somewhat neutral candle. The momentum ran out, but that’s not a huge surprise considering that today is Nonfarm Payroll Friday in the United States. With that being the case, the market looks as if it is going to try to make a decision today. A break above the top of the candle for the Thursday session is a buy signal, but then again a break down below the 1.45 level is a sell signal.