GBP/USD Forecast April 1, 2016, Technical Analysis

The GBP/USD pair initially tried to rally, but it did get back about half of the gains from the session on Thursday. With this, it looks as if the market is probably going to continue to bounce around in the overall consolidation area between the 1.40 level on the bottom and the 1.45 level on the top. Quite a bit of volatility should remain in this pair, but quite frankly that is due to the fact that the United Kingdom may be leaving the European Union. Simultaneously, the Federal Reserve has walked back from a couple of interest-rate hikes. Because of this, it’s likely that the pair to Sibley stays in this same general vicinity.