Long-term looking, we would at the moment stay on the sidelines for this pair as there is no any clear trend at the moment, and we would either wait for break below 1.40 handle or above 1.45 area, to place any larger bids.
GBP/USD Weekly Forecast - 04 April – 08 April
After it was initially pushed higher in the course of the last week, Sterling found area above 1.4450 handle to be to resistive at the moment, and with Brexit concerns and better than forecasted US NFP figures pair started to pulling back all the way to 1.42 handle and even below it at one moment during the Friday's trade. As for next week, we can expect that Sterling is continue to bounce in this general area, with 1.40 handle as a support and 1.45 handle as a ceiling for the pair. Pair is likely to find support around 1.41 handle, at least initially, and resistance above 1.43 and 1.4350 level in extension, so these would be our short-term buying and selling points.
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