GBP/USD Forecast March 23, 2015, Technical Analysis

The GBP/USD pair broke higher during the course of the session on Friday, but remains below the 1.50 level. We think that there is enough resistance above that the market will more than likely continue to struggle above, and offer more selling opportunities. Without though, we recognize that there is a significant amount of volatility in this area, so we are looking to check daily candles for signs of resistance and weakness that we can continue to sell. We have no interest whatsoever in buying this market as we see so much in the way of resistance all the way to at least the 1.53 level.


GBP/USD forecast for the week of March 23, 2015, Technical Analysis