GBP/USD Forecast March 21, 2017, Technical Analysis

The British pound initially try to rally during the day on Monday but found the area above the 1.24 level to be a bit too exhaustive to continue. By doing so, looks as if we are going to draw from here, perhaps trying to build up a little bit of momentum to finally break out to the upside longer-term, but shorter-term it certainly looks as if we could drop a couple of handles. With the Article 50 coming, expect quite a bit of nerves and volatility when it comes to this pair so you will have to be nimble to trade this market.

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