GBP/USD Analysis - March 30th

Daily Chart

Technical – Upward Trend. Pair looks to be headed downward this week. Possible pullback to support at 50% Fibonacci 1 (1.4267).

Fundamental – A couple of econimic announccements concerning GBP today but both showing bullishness for the Pound. With the USD in for a possible continuation of its pullback this week, this pair is not a good trade today.

Technical – Pair is trending down. At Fibonacci 2, support appear to be at 21.4% (1.4283).

Potential Strategy – Keep an eye on this pair. Slew of economic announcements concerning GBP and USD coming tomorrow (March 31st).