GBP USD forecast May 23 — May 27, 2016


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Currency pair pound dollar GBP USD at the current trading week, showed an upward movement. Forex Pivot model head and shoulders and assumes continued growth in the next week.

GBP USD forecast May 23 — May 27, 2016

GBP USD forecast May 23 — May 27, 2016

Cancellation option will drop in prices pair pound dollar below 1.43. Additional signals in favor of the pound test of the growth is the rising trend line on the indicator of relative strength. The overall objective of the growth rate dollar at the pound trading week is the area above the level of 1.50. However, smaller time intervals indicate a minor correction of the pair, and then we should expect continued growth. GBP USD forecast May 23 — May 27, 2016 assumes continued growth of quotations of the pound in the area above the level of 1.50, in the framework of working out a reversal pattern.


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