GBP/USD forecast for the week of April 25, 2016, Technical Analysis

The GBP/USD pair broke higher during the course of the week, closing shortly below the 1.45 handle. Breaking above the top of the shooting star is a bullish sign, but having said that, we need to clear that area in order to start buying from a longer-term perspective. Ultimately, we believe that this is probably best traded on short-term charts more than anything else. At this point in time, we are still within the consolidation area that has been driving this market for several weeks now.