GBP/USD Forecast February 27, 2017, Technical Analysis

The GBP/USD pair fell during the day on Friday, testing the 1.25 level for support. Ultimately, this is a market that should continue to find quite a bit of volatility, the 1.24 level underneath is supportive. We continue to go back and forth, and I have no interest in selling as I believe that longer-term we are going to find that this market turns around. I have a target of 1.27 but recognize it’s going to be a hard fight to get there. The British pound continues to be volatile against most currencies, this one of course will be different.