GBP/USD Forecast May 7, 2015, Technical Analysis

The GBP/USD pair had a pretty volatile session during the day on Wednesday as we continue to meander around the 1.52 region. This is a market that seems to be a bit confused, but right now it does look like the British pound should continue to go higher. We believe that this market will try to reach the 1.55 level again, and when he gets there the real answers will be had. In the meantime, expect plenty of volatility. With this though, we think the buyers are starting to assert their control.

 

GBP/USD Forecast May 7, 2015, Technical Analysis