The currency pair British Pound to US Dollar GBP/USD continues to move within the fall. At the moment, there is potential for the development of an upward correction in the area above the level of 1.2880. Whence it is necessary to expect attempt of falling of a fur seal in area above level 1.2750.
GBP/USD forecast Pound Dollar on May 30, 2017
In favor of the fall, a dense test of the downward trend line will appear on the indicator of relative strength. The cancellation of the fall will be strong growth and breakdown of the area of 1.2920, which will indicate the continued growth of the pound dollar. Expect to accelerate the fall of the pair GBP/USD with the breakdown of the local minimum area.
Important news from England, which could have an impact on the GBP/USD exchange rate, is not expected, so the pair will continue to move within the technical analysis of GBP/USD.
GBP/USD forecast Pound Dollar on May 30, 2017 assumes a test of the area of 1.2880, where it is expected to continue the decline of the pair with a target below the area of 1.2750, the breakdown will be the breakdown of the area of 1.2920.
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