GBP/USD Forecast February 13, 2014, Technical Analysis

The GBP/USD pair rose drastically during the session on Wednesday, breaking above the 1.65 level. That being the case, this market looks like it’s ready to go higher, but we do recognize that there is a bit of resistance is still be overcome going to the 1.6650 level. Until we break above there, we are not free and clear, but do recognize that eventually the breakout should be coming. A pullback at this point time should find plenty of support down at the 1.65 handle, so short-term charts might be the route to getting involved in the uptrend.