GBP/USD Forecast March 22, 2017, Technical Analysis

The GBP/USD pair initially fell during the day on Tuesday, but shot straight up in the air as we reach towards the 1.25 handle. That’s an area that has a lot of influence, so I would expect to see sellers in the general vicinity. And exhaustive candle could be a selling opportunity but if we can get above the 1.26 level, that should be a buying opportunity as it would signal that the British pound is really starting to pick up momentum. Alternately, if we fall from there, the market should then go looking for the 1.23 level. - 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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