GBP/USD Forecast March 24, 2014, Technical Analysis

The GBP/USD pair fell slightly during the session on Friday, but hovers around the 1.65 level which of course is the beginning of significant support. Because of this, we are not ready to sell, and have to admit that the range being a little bit smaller on Friday suggests that perhaps the buyers are starting to come a slow things down. Nonetheless, we do not sell this pair until gets below the 1.63 level, which is something that doesn’t look like going to happen anytime soon. On the other hand, an impulsive candle to the upside would have us buying.

 

GBP/USD Forecast March 24, 2014, Technical Analysis