In long-term trends though pair broke above 1.45 handle and has bullish momentum in it, we have no interest in selling the pair, but we would like to see for pair to hold gains above 1.46 handle before placing any larger buying bids.
GBP/USD Weekly Forecast - 23 May – 27 May
Sterling found support around 1.4330 level in the course of the yesterday's session and then rallied all the way to 1.46 handle, but area around 1.4660 level proved to be too resistive at the moment, with pair pulling back to 1.45 handle by the end of the week. Uptrend was caused by rather good UK figures but more importantly by Brexit polls giving advantage to In campaign. Next week we believe that pair will find some amount of support around 1.44 handle, so this would be our short-term buying point and resistance above 1.4630 level so this is where we would consider selling the pair.
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