On a long-term basis we are more interested in selling the pair at the moment especially after this pullback, though we would be quite careful with placing any larger bids.
Last modified on Sunday, 09 April 2017GBP/USD Weekly Forecast – 10 April – 14 April
Sterling was initially pushed higher in the course of the last week, going even above 1.25 handle at one moment, but then pulled back in the second part of the week going even below 1.24 handle, and closing the session around 1.2370 area which is of course a bearish signal. As for next week we would pay attention to UK CPI and job figures. On a short-term basis, we believe that pair will find some amount of support around 1.23 and 1.2250 area initially next week, while area above 1.26 handle should offer some amount of resistance.
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