GBP/USD Forecast March 24, 2017, Technical Analysis

The GBP/USD pair fell initially during the day on Thursday, but found enough support below the 100-exponential moving average to turn things around and break above the 1.25 handle. If we can break above the 1.26 level, I believe that the market will continue to go much higher. Pullbacks should continue to be buying opportunities, as there is plenty of support just below. The British pound continues to show quite a bit of strength, but expect quite a bit of volatility as the Article 50 looms large and is coming soon, and will have an effect. - 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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