GBP/USD Forecast April 19, 2017, Technical Analysis

GBP/USD daily chart, April 19, 2017

The GBP/USD pair rallied during the day on Tuesday, breaking above the 1.2750 level. The Prime Minister of England suggested that a snap election is going to be held, and that could speed along the process of leaving the European Union. The market looks as if it is ready to continue going higher, and the market looks like we are going to be buying the dips as we have broken above what I believe could send this market until longer-term uptrend. I have no interest in selling, I believe pullbacks will offer 20 of support underneath.

Written by FX Empire