EUR/GBP Forecast May 2, 2016, Technical Analysis

The EUR/GBP pair broke higher during the course of the session on Friday, and it now looks as if we are clearing a consolidation area. If we can break above the top of the candle from the Friday session, we could go much higher perhaps even reaching to the 0.80 level. Pullbacks should continue to attract buyers again and again, as we grind higher and continue the longer-term uptrend that we had seen previously. With this, there is no selling on our part, and with that being the case we feel that the market is positive in general.