GBP/USD Forecast March 27, 2017, Technical Analysis

The GBP/USD pair fell initially on Friday but found enough support at the 100-exponential moving average to turn around and form a slightly supportive candle. However, I think there so much in the way of noise above that it’s going to be difficult to continue this move. Quite frankly, I think we need to backup and build up momentum before we break out to the upside, and with the Article 50 coming so soon, it’s very likely that the market will break up a little bit, but given enough time it’s likely the buyers return.

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