around 1.56 handle in extension, so this is where we would consider buying the pair. We expect resistance above 1.58 handle so this is where we would start shorting the pair in short-term trends. Break above this level would lead toward 1.59 handle and resistance around 1.5930 level. In long-term trends, we do believe that there is a bullish potential in this pair and that given enough time it will test 1.60 handle, so we are more interested in buying than in selling this pair, and we would use any kind of pullbacks as just another buying opportunity.
Last modified on Friday, 26 June 2015GBP/USD Weekly Forecast - 29 June - 03 July
After it did not manage to break above 1.59 handle, Sterling pulled back in the course of the last week, as it was a bit overbought at the moment and quite near to quite resistive area at 1.60 handle, but also there were no major data releases that would serve as a support. Next week will be marked with UK PMI data and US NFP figures. Pair is likely to find some amount of support around 1.5650 handle, at leas initially, and then
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