GBP/USD Forecast April 4, 2016, Technical Analysis

The GBP/USD pair fell during the course of the day on Friday, as the nonfarm payroll numbers came out. Nonetheless, we are most certainly in a range anyways, with the 1.45 level above being the ceiling while the 1.40 level continues to be the floor. With this, we are just trading back and forth from time to time as we get towards the outer reaches of that range. At this point though, we are basically in the center and therefore on the sidelines currently and waiting until we get either overbought or oversold.