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. - 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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