GBP/USD Forecast April 18, 2017, Technical Analysis

The British pound rallied during the day on Monday, breaking above the 1.25 handle, and testing the 1.26 handle. It looks as if the British pound is trying to break out to the upside, and because of that it’s very likely that we will continue to go higher over the longer term. We could pull back occasionally to try to find buyers, and with this being the case it’s likely that the momentum is trying to be built up. I don’t have any interest in shorting, looks as if the British pound is continuing to strengthen over the longer 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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