GBP/USD analysis and forecast today: May 11 2016


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Currency pair pound dollar GBP / USD continues to test the FOREX support area at 1.4440. We should expect a rebound attempt and growth in the region at a level above 1.46. Cancellation option could be a drop in prices of the currency pair GBP USD below 1.44, which indicates an area in the fall to below 1.4150. An additional signal in favor of correction testing the rising trend line on the RSI indicator of relative strength.

GBP/USD analysis and forecast today: May 11 2016

GBP/USD analysis and forecast today: May 11 2016

Thus, GBP/USD analysis and forecast today: May 11 2016 suggests an attempt to upward correction in the rebound from the support area on the chart.


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