GBP/USD Forecast March 18, 2016, Technical Analysis

The GBP/USD pair rose again during the course of the session on Thursday, as we broke significantly above the 1.44 level. With this, it looks as if the market is going to reach the 1.45 handle given enough time. The market looks as if it is trying to break out to the upside, and with the Federal Reserve looking to cut rates less than anticipated previously for the year, it’s very likely that this market will continue to see buying pressure. However, with the United Kingdom possibly leaving the European Union, this pair will underperform other pairs such as the EUR/USD.