GBP/USD Forecast April 4, 2017, Technical Analysis

The GBP/USD pair fell during the day on Monday as we continue to chop back and forth with no direction in mind. Longer-term, it looks as if we may try to rally but quite frankly I would stay away from this pair. There are far too many things moving it at this moment, and I believe that there is a significant amount of support just below, so in other words, we just can’t go anywhere. This is essentially “dead money” now as people continue to fret about whatever situation is going on in the European Union talks over the last hour. In other words, retail trader should stay away. - 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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