GBP/USD Forecast April 24, 2017, Technical Analysis

GBP/USD daily chart, April 24, 2017

The GBP/USD pair fell during the day on Friday but found enough support just above the 1.2750 level to continue going higher. The 200-day exponential moving average is in the area, and I believe it’s only a matter of time before we rally and continue to go higher. I have a longer-term target of 1.3450 above, and as a result I have no interest in shorting. I believe that pullbacks will continue to offer value in a market that should continue to see buyers. Ultimately, this is a market that should continue to see quite a bit of volume to the upside.

Written by FX Empire