GBP/USD forecast - page 88

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The pair found support at 1.4245 (ex resistance). 
 
The move to the upside continues, the pair broke out above 1.4300 and it may rise to 1.4350.
 
The rally lasted to 1.4375 where the pair finally formed a shooting star candlestick on the four-hour time-frane and started moving to the downside. Next target is likely 1.4250.
 

GBP/USD dopped below the 1.4300 after having posted a fresh multi-month high at 1.4375 . However the pullback could meet strong support at 1.4244 (late March’s highs) and ex long term resistance that should to keep intact overall bulls. Tomorrow will bring the next key event for the Cable with the release of UK inflation data which could provide fresh direction signal.

 
The move to the downside found some support at 1.4170 and is currently testing that level and it will likely break out below it and continue falling.
 
GBP/USD recomer some ground, but yet remains capped by the resistance at 1.4244.
 
1.4060/1.4050 target short
 
Today's date had a great impact on the trend. The uprising channel lower support was broken badly.
 
It was a good opportunity to short the pair this week.
 
GBP/USD is at 1.4100 and it is still very bearish, the move to the downside will probably continue.
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