GBP/USD Forecast April 8, 2016, Technical Analysis

The GBP/USD pair went back and forth during the course of the day on Thursday, as we continue to see support above the 1.40 level. That being the case, it’s going to be a strong buy signal for the short-term trade if we can break above the top of the range not only from the Thursday session, but would also be strong if we can break above the hammer from the Wednesday session. This would be a short-term opportunity to trade what looks to be a very range bound market at this point in time.