GBP/USD Forecast March 26, 2014, Technical Analysis

The GBP/USD pair rose during the session on Tuesday, using the 1.65 level as a bit of a springboard. With that being the case, we feel that this market is in fact going to grind higher, but could run into trouble at the 1.6650 level. In the meantime though, that is our short-term target, and using short-term charts to enter the marketplace at this point time is probably going to be the best route. As far selling is concerned, we have no interest in doing so as there is a thick support level between the 1.65 level and the 1.63 level.