GBP/USD Forecast: GBP Ceases Selling Pressure

  • The GBP/USD currency pair fell a bit on Friday to close out the week on its back foot.
  • Ultimately, we should take a look at this through the prism of fading every short-term rally that we can.
  • The 1.20 level underneath is an area where we see a lot of interest, due to the fact that it is a large, round, psychologically significant figure.
  • If we break down below there, then it’s likely that we could go back down to the lows of the 1.18 level.

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