GBP/USD Forecast September 26, 2014, Technical Analysis

The GBP/USD pair went back and forth during the course of the day, bouncing off of the 1.36 level. That being the case, the market looks as if it’s ready to try to find some type of support in this general vicinity, meaning that we should go higher. A break above the top of the range for the Thursday session, we are buyers of this pair, aiming for the 1.65 level first, and then possibly the 1.66 level after that. A break above the 1.6650 level has this market going much higher, aiming for the 1.70 handle.

 

GBP/USD Forecast September 26, 2014, Technical Analysis