GBP/USD Forecast April 10, 2017, Technical Analysis

The GBP/USD pair fell significantly during the session on Friday, as we have broken below the 1.24 handle. Closing at the bottom of the range is very bearish and it now looks as if we are going to continue to go lower. I think it’s only a matter of time before sellers return on short-term rallies, but I also believe that the support below will eventually turn things around. Short-term, I’m a seller but longer-term I believe that the market will try to turn around. In the meantime, I’m looking for short-term selling opportunities. - 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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