GBP/USD Forecast February 20, 2017, Technical Analysis

The GBP/USD pair fell during the day on Friday, but found enough support at the 1.24 level to turn things around and show signs of life. The 1.24 level should be supportive, and as a result this looks very much like I thought it would. I think buyers are coming back into the marketplace, and they should continue to push towards the 1.25 level. In the way, it’s good to be a very choppy market but given enough time I think we will decide, and I currently believe that decision will be to go higher.