GBP/USD Daily Forecast - 28 March

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Friday, Mar 25 2016

Sterling went back and forth in the course of the Friday's session, with support around 1.41 handle and resistance above 1.4160 area. There was also a bit lack of volatility due to Good Friday holiday, so there is no clear trend at the moment. We can expect a bit steadier session on Monday as well, with Easter Monday holiday in the UK. Pair is likely to find support around 1.4080 level and resistance above 1.4180 area.

Long-term looking, despite Thursday's rebound, we have no interest in buying the pair at the moment, as long as we are below 1.43 handle. However, pair has significant amount of support between 1.41 and 1.40 handle, so supportive candles in that general area could offer nice short-term buying opportunity.

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