GBP/USD Forecast April 5, 2016, Technical Analysis

The GBP/USD pair went back and forth during the course of the day on Monday, as we gained some of the losses from the Friday session. This is a market that continues to grind sideways overall, with quite a bit of support near the 1.41 level and quite a bit of resistance at the 1.44 level. With this, we look at this market is one that you can trade at the moment, because we are essentially right in the middle of that consolidation, meaning that we will have to wait until the market reaches an extreme to start trading.