GBP/USD Forecast March 29, 2016, Technical Analysis

The GBP/USD pair broke higher during the course of the session on Monday, as we continue to bounce around in the overall consolidation area. We have massive support near the 1.40 level, and massive resistance near the 1.45 handle. With this, the market should continue to go back and forth and this makes quite a bit of sense that we go higher from here. We look at pullbacks as potential buying opportunities, at least for the short-term. It will probably be quite some time before we break out of the overall consolidation area in our opinion.