GBP/USD Forecast April 25, 2016, Technical Analysis

The GBP/USD pair broke higher during the course of the session on Friday, testing the top of the shooting star from the Thursday session. That being the case, the market looks as if there is quite a bit of resistance above, perhaps reaching towards the 1.45 handle. Ultimately, if we can break down below the bottom of the range for the session on Friday, the market could drop down to the 1.41 handle given enough time. A break above the 1.45 level would be extraordinarily bullish, so we will have to wait to see whether or not we can get either one of those moves.