GBP/USD Forecast April 7, 2017, Technical Analysis

The British pound continues to find buyers every time we dip, and that’s exactly what happened on Thursday. We initially fell, and then turned around to reach towards the 1.25 handle again. This is a market that continues to show quite a bit of resiliency, especially considering how many potentially negative headlines there are involving the British pound. With this in mind, I am a buyer of this pair in general but I recognize that currently we are consolidating between the 1.24 level on the bottom, and the 1.26 level on the top.

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