GBP/USD Forecast April 14, 2016, Technical Analysis

The GBP/USD pair fell during the course of the day on Wednesday, showing that we are starting to roll over a little bit in this pair as we continue to make lower highs. With this being the case, we will more than likely try to reach back towards the 1.40 level below, which has been the bottom of the overall consolidation area. Although we are consolidating, the reality is that we are starting to see the sellers perhaps exert a little bit more energy and effort them the buyers in this pair.