GBP/USD Forecast April 21, 2017, Technical Analysis

The GBP/USD pair rallied on Thursday, as we continue to consolidate above the 1.2750 level. I think that it’s only a matter of time before rally, and the market should then go towards the 1.3450 level longer term. Short-term pullbacks will continue to be dips, and I believe that the British pound is done falling longer term. It doesn’t mean that it’s going to be an easy move, but I do recognize that is the next major resistance barrier facing this very bullish market that has just crossed above the 200-day exponential moving average. - 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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