GBP/USD Forecast July 3, 2017, Technical Analysis

The British pound found some pressure to the downside during the session on Friday, but quite frankly this has been in an explosive moved over the last couple of sessions, so a pullback is healthy. If we can break above and make a fresh, new high, then the market should go to the 1.3450 level over the longer term. I think that there is support at the 1.2925 level is also supportive, so I’m looking for a buying opportunity and have no interest in shorting this market. I am a “buy on the dips” trader.

Written by FX Empire