GBP/USD Weekly Forecast - 13 April - 17 April
Sterling was pushed significantly lower in the course of the last week , after it did not manage to break above 1.50 handle and went all the way to 1.46 area. As for next week we can expect plenty of volatility with the focus on UK CPI and job figures. Any type of resistive candles above 1.4750 level, initially in the week, and 1.48 handle in extension would offer short-term selling opportunity, while supportive candles around 1.4550 area
could be short-term buying signal, as this is so close to 1.45 handle which should offer significant amount of support. On a long-term basis, we believe that there is plenty of bearish pressure in this pair especially now when we have seen break below 1.47 handle and therefore we are only interested in selling this pair, with short-term rallies offering yet another selling opportunity. Buying is not an option at the moment.
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GbpUsd1111
gdp95
industrial production106
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trade balance108
uk188
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