Currency pair British Pound to US Dollar GBP/USD continues to build on the resistance area. It is worth waiting for an attempt to continue the decline in the area below the level of 1.28. In favor of falling quotations British Pound to US Dollar is the formation of a reversal pattern the «Failure Swing» on the indicator of relative strength index (RSI).
GBP USD forecast & analysis on May 24, 2017
With the breakdown of the support area, we should expect the decline to continue to the level of 1.2650. The cancellation of the GBP/USD decline will result in strong growth and breakdown of the 1.3050 area, which will indicate the continued growth of the pair.
Important news from Britain is not expected, so the pair will continue to move within the technical analysis GBP/USD.
GBP USD forecast & analysis on May 24, 2017 suggests an attempt to continue the decline to below the level of 1.28 as part of the development of the bearish Wolfe wave, the breakdown of the 1.3050 area will be a break, in which case it is expected to continue the pair’s growth.
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