GBP/USD Forecast April 26, 2016, Technical Analysis

The GBP/USD pair initially fell during the course of the session on Monday, but turned back around and reached above the 1.45 handle. The area above there is massively resistive, so having said that it appears that the market could pull back from here, but a break above the top of the range would it suggests that the market is picking up steam in going much higher. With this, we set of parameters and recognize that the buyers seem to be taking over. However, it is not going to be an easy move.