Bottom line: The broader focus in Sterling remains weighted to the topside while above the lower median-line parallel / 2016 high-week close (Brexit) at 1.3675 (keep an eye on the RSI support trigger). A breach / close above the 2018 high-day close at 1.4134 would keep the long-bias in play targeting the 200-week moving average at ~1.4280s and the yearly high at 1.4346.
GBP/USD Weekly Forecast - 9 April - 13 April
The British Pound has been trading within the confines of this ascending pitchfork formation extending off the 2016 / 2017 lows with prices turning just ahead of the upper median-line parallel early in the year. Price broke through the monthly opening-range last week and leaves the risk higher heading into the close of the month. That said, price is now approaching the median-line and a daily close above this threshold would be needed to keep the immediate advance viable.
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