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GBP/USD Forecast April 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 April 2016 08:13 UTC
The GBP/USD pair initially rose during the course of the session on Wednesday, but turned right back around to form a bit of an exhaustive candle. With this, it looks like we are going to test the 1.45 handle for support. This was previous resistance, and with that being the case it makes sense that the buyers would more than likely return in this general vicinity. A supportive candle just below would be a nice buying opportunity. We believe that the support runs all the way down to the 1.44 level as well.

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