Currency pair pound dollar GBP/USD continued to rise this week. At the moment, there is the potential to see a correction in the pound area at levels below 1.4550, and if the pound dollar continues to fall, it is likely to see a continuation of the downtrend.
GBP/USD Forecast for next week 30.05.2016 — 03.06.2016
In favor of such an option in favor of formation of topping model head and shoulders on the indicator of relative strength. However, in the case of growth of the pound above the local maximum formed a descending pattern waves Wolf, which will indicate a drop to below 1.42.
GBP/USD Forecast for next week 30.05.2016 — 03.06.2016 suggests decline of the pound or the model of head and shoulders, or as part of working out a bearish wave Wolfe, but to complete this model, you need to see an increase above the maximum level.
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