GBP/USD Forecast May 25, 2015, Technical Analysis

The US dollar strengthen against the British pound drastically during the session on Friday, as the GBP/USD pair tested the 1.55 level. With this, it appears that the market is testing significant support, and a serious decision has to be made. With today being Memorial Day in the United States, we are more apt to sit on the sidelines as the market should continue to wrestle with the question of whether or not the trend is going to go higher. With this, we will wait for the next daily candle in order to make our next trade.