GBP/USD Forecast February 11, 2016, Technical Analysis

The GBP/USD pair rose slightly during the course of the day on Wednesday, breaking above the 1.45 level again. Quite frankly, this is a market that although it looks like it is somewhat supported here, there is quite a bit of resistance just above. With that being the case, we feel that the market should more than likely find quite a bit of volatility in this area. We have no interest whatsoever in placing trades at this moment in time, just simply because it is going to be one of the more difficult Forex pairs to trade today.