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GBP/USD Forecast March 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 13 March 2016 06:57 UTC
The GBP/USD pair broke higher during the course of the day on Friday, clearing the 1.43 level. Because of this, looks like we’re going to try to grind our way to the 1.45 handle given enough time, and as a result we look at short-term pullbacks as potential buying opportunities. However, we are not necessarily looking for a longer-term move, just a short-term rally that we can take advantage of, and then eventually work against somewhere closer to the aforementioned 1.45 level which should bring in quite a bit of selling pressure.

 

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