GBP/USD Forecast April 27, 2017, Technical Analysis

The British pound continues to grind sideways just above the 200-day exponential moving average and the previous resistance at the 1.2750 level. However, this candle looks a little bit more bullish than the others, and therefore I think a break above the top of this candle should send this market much higher. I believe that the market will eventually find its way to the 1.3450 level above, and the dips should continue to be well supported. I have no interest in shorting, I believe that the British pound has changed its overall trend. - 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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