GBP/USD Forecast April 12, 2017, Technical Analysis

The GBP/USD pair rally during the session on Tuesday, testing the 1.25 handle. There is a lot of noise in this area and we have been going back and forth during the last several weeks between the 1.2350 level on the bottom, and the 1.2550 region on the top. I believe we are going to reach towards the top again, and then probably fall from there. I don’t anything that should change the overall attitude of the market, but if we do break above the 1.26 handle, I think we then go to the 1.27 level. A break above there let’s this market go much higher.