Currency pair pound dollar GBP/USD forex trading is fully in line with expectations and our forecast for tomorrow GBP USD.
GBP USD Forecast FOREX – May 18, 2016
At the moment there is a potential for a fall to below the 1.4420 level for the formation of an inverted head and shoulders pattern, then we can expect the beginning of growth of quotations of GBP/USD. Cancellation option can be either a continuation of the growth rate dollar pound forex above the level of 1.45, which will lead to continuing growth as part of our week GBP USD Forecast 05/16/2016 – 05/20/2016. In the case of updating the minimum is also cancel the current model of an inverted head and shoulders. Thus, GBP USD Forecast FOREX – May 18, 2016 assumes a drop in prices in the region of 1.4420, for the completion of the formation of topping FX models.