GBP/USD Forecast April 29, 2016, Technical Analysis

The GBP/USD pair rose during the day on Thursday, as we continue to see a bit of support near the 1.45 handle. Because of this, it looks as if we are trying to continue to grinder way higher, and with that being the case, could very well find yourselves looking for the 1.50 level over the longer term. I think that pullbacks will continue to be buying opportunities, and that support extends not only to the 1.45 handle, but perhaps as low as the 1.44 level. At this point, it is a “buy only” market.