GBP/USD Forecast April 11, 2016, Technical Analysis

The GBP/USD pair rose during the course of the session on Friday, as we continue to see quite a bit of supportive action just below. The 1.40 level looks to be massively supportive, as we have been consolidating for some time between the 1.40 level, and the 1.45 level. A break above the top of the range for the session on Friday would be reason enough to start going long in a market that has favored buying in this general vicinity. A break down below the 1.40 level would be very negative though.