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GBP/USD broke below a key level at 1.30000, a bearish outside day was seen on Thursday and moving averages have turned bearish. Hence, we see a dip back to 1.2950. A break above 1.2850 to question downside
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MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 13.81 I expect the pair to be trading near 14.50 towards the end of the forecast period which will conclude on the 1st of May, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.