GBP/USD Forecast April 17, 2017, Technical Analysis

The GBP/USD pair rallied on Friday, but it is facing a bit of resistance above. If we can break above the 1.27 level above, the market will more than likely move to the upside on the longer-term charts, but currently I think there’s a good chance that we will see some type of resistance in the short term, but I will be cognizant of the potential breakout. There are inflationary signals in the British economy, so we could see the Bank of England raising rates sooner than anybody would have ever thought. - 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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