GBP/USD Forecast May 25, 2016, Technical Analysis

The GBP/USD pair broke higher during the day on Tuesday as the 1.45 level has now offered quite a bit of support. In fact, we went much higher and we believe that the market will probably try to grind its way towards the 1.48 level above. Short-term pullbacks could be buying opportunities on signs of strength, and at this point in time we have no interest in shorting this market. The British pound very well could go to the 1.50 level over the longer term, but we need to build up enough momentum to do so. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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