GBP/USD Forecast Mars 13, 2017, Technical Analysis

The GBP/USD pair went back and forth during the day on Friday as we continue to look for support near the 1.21 handle. I think that I rally at this point should be a selling opportunity though, and I would anticipate sellers stepping back into the market near the 1.2250 region. Alternately, if we break down below the bottom of the range for both Thursday and Friday could be a selling opportunity down to roughly 1.2050 or so. I don’t have any interest in buying right now, I believe that the sellers are in full control, at least in the short term. - 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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