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GBP/USD Forecast April 28, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 28, 2017, 03:57 UTC

The British pound broke out to the upside during the session on Thursday, as we continue to see bullish pressure. I believe that this market will go

GBP/USD daily chart, April 28, 2017

The British pound broke out to the upside during the session on Thursday, as we continue to see bullish pressure. I believe that this market will go higher over the longer term, and have been long for several days now. It will take a certain amount of patience, but if we stay above the 1.2750 level, I think that the market will reach towards the 1.3450 handle longer term. Buying on the dips for shorter term traders might be a nice trading strategy and this pair as well. I have no interest in selling.

GBP/USD Video 28.4.17

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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