GBP/USD forecast for the week of July 3, 2017, Technical Analysis
The British pound broke higher during the week, clearing the top of a hammer from the previous week, and slammed into the 1.30 level. This is a technically strong signal, and a break above the top of the weekly highs should send this market towards the 1.3450 level. Pullbacks could be supported near the 1.28 handle, and this market will continue to be very volatile. Ultimately, I believe the uptrend is starting to show signs of strength, but I think that it will be difficult as the market continues to be moved on headlines.
GBP/USD Video 03.7.17
This article was originally posted on FX Empire