GBP/USD Daily Forecast - 17 April

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Tuesday, Apr 17 2018

GBP/USD Daily Forecast - 17 April

The British pound has rallied significantly during the trading session on Monday, breaking above the 1.43 level. That level has been significant resistance in the past, so the fact that we have broken above there suggests that we are going to go to the 1.45 handle.

That’s an area that has been important in the past, and that we will eventually try to break above there as it is a psychologically important level, but it also is an area that fxempire.com thinks can only hold for so long. In the meantime, buying short-term pullbacks is good, as the 1.43 level should offer support now.

More in this category: « EUR/USD Daily Forecast - 16 April AUD/USD Daily Forecast - 18 April »

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