The GBP/USD pair has been gradually rising since the 24th of March 2016, with the buyers leading the price from as low as 1.4058 to as high as 1.4183.
On Good Friday, the pair went back and forth reaching the low of 1.4110 and the high of 1.4158 to end the day at 1.4144. Today, as European desks remain closed in view of the Easter Monday, the major initially fell to 1.4121 to rise up to 1.4152 at the moment of writing. In the event that the buyers keep exerting strong pressures and the pair breaks above 1.4165, the price could escalate up to 1.4196 and 1.4233 respectively.
On the other hand, in the scenario where the sellers regain control and the price breaks below 1.4115, the pair could reach 1.4094 and 1.4058 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.