GBP/USD Forecast March 10, 2016, Technical Analysis

The GBP/USD pair rose slightly during the course of the session on Wednesday, as it looks like we’re trying to continue to go higher. If we can break above the recent consolidation of the last couple of days though, the market should then reach towards the 1.45 level. It will be a choppy move though, so it won’t be easy to hang onto the market. However, if we break down below the bottom of the last couple of sessions, market will more than likely fall back to the 1.40 level. Regardless, expect volatility.