Long-term looking, as long as we are above 1.44 handle, we would be buyers for this pair, with the initial target set at 1.48 handle. Selling is not an option at the moment.
GBP/USD Daily Forecast – 02 May
Sterling was initially pushed higher in the course of the Friday's session, testing 1.4670 handle, which proved to be too resistive at the moment, with pair pulling back by the daily closing, all the way below 1.46 handle thus forming a shooting star as a daily candle. On Monday, pair is likely to find support around 1.4550 level, at least initially, and resistance above 1.4640 and 1.4670 area in extension.
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