GBP/USD Forecast April 24, 2017, Technical Analysis

The GBP/USD pair fell during the day on Friday but found enough support just above the 1.2750 level to continue going higher. The 200-day exponential moving average is in the area, and I believe it’s only a matter of time before we rally and continue to go higher. I have a longer-term target of 1.3450 above, and as a result I have no interest in shorting. I believe that pullbacks will continue to offer value in a market that should continue to see buyers. Ultimately, this is a market that should continue to see quite a bit of volume to the upside.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com