GBP/USD Forecast April 2, 2014, Technical Analysis

The GBP/USD pair fell during the session on Tuesday, but did not break below the lows from the Monday session. With that, we feel that the market will simply go sideways in the short-term, but if we pullback below the lows from the Monday session, we feel this market will probably be one that offers buying opportunities at lower levels. The 1.65 level is going to be a massively supportive area, and as a result between here and there we are willing to buy that supportive candles. A break above the highs from the Monday session would still have us buying as well.

 

GBP/USD Forecast April 2, 2014, Technical Analysis