GBP/USD Weekly Forecast – 17 April – 21 April

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Sunday, Apr 16 2017

GBP/USD Weekly Forecast – 17 April – 21 April

Sterling managed to rebound in the course of the last week, being supported by UK job and CPI figures. By the end of the week pair managed to break and have weekly closing above 1.25 handle. As for next week, we would pay some attention to Retail Sales and US figures. On a short-term basis, we believe that pair will find some amount of support around 1.2450 and 1.24 area initially next week, while area above 1.2650 handle should offer some amount of resistance.

On a long-term basis we are more interested in buying the pair at the moment especially after this rebound, though we would be quite careful with placing any larger bids.

More in this category: « AUD/USD Weekly Forecast – 17 April – 21 April EUR/USD Weekly Forecast – 17 April – 21 April »

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