Forex Forecast GBP/USD on May 2016


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Currency pair pound dollar GBP USD forex showed quality and the rapid growth in April 2016. To date, there is every chance to see the testing of an inverted head and shoulders pattern with the overall aim of improving on the level above 1.53. However, try to buy the pound against the US dollar is only at the time of the fall and test the breached neckline at 1.4350. In the case of continuation of the fall gbp usd should expect the downside movement for the pair.

Forex Forecast GBP/USD on May 2016

Forex Forecast GBP/USD on May 2016

Therefore, in the near future we expect a drop in prices of the pound against the US dollar to 1.4350, from where should try to look for ideas for your purchases with shorter periods of time, in case of a drop even lower to 1.4200, it is necessary to move to the full versions with the continuation of falling of quotations GBP USD to below the level of 1.38.

Thus, the Forex Forecast GBP/USD on May 2016 suggests a continuation of the fall to the level of 1.4350, where there is a potential for growth, falling further down the lead for mining purposes at the level of 1.38.

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