The currency pair GBP/USD Pound to US Dollar continues to develop an upward trend and at the moment there is a potential for a test area of 1.2960, from which one should expect an attempt to correct the pair in the area below the level of 1.2850.
GBP/USD Forecast Pound Dollar FOREX on May 1, 2017
In favor of the fall is the test of the downward trend line on the indicator of relative strength. The cancellation of the variant of falling quotations of the pound dollar will be a strong growth and breakdown of the area of 1.2990, which will indicate the continuation of the upward trend development for the pair GBP/USD.
Important events from Britain, which may have an impact on the pound dollar rate is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD Forecast Pound Dollar FOREX on May 1, 2017 involves an attempt to test the area of 1.2960 and the beginning of the fall within the rebound from the down line of resistance on the indicator of relative strength, the target of the decline is the area at 1.2850, the breakdown will be a breakdown of 1.2990.
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