GBP/USD Forecast April 30, 2014, Technical Analysis

The GBP/USD pair tried to rally during the session on Tuesday, but as you can see giveback some of the gains. We’re still well within the consolidation area, so we really don’t see much in the way of a trade at the moment. However, that’s not to say that we don’t know what we want to see. A break above the shooting star from the Monday session would be reason enough to start buying, as would a pullback that show signs of support, especially near the 1.68 or the 1.67 levels. Selling is not an option.