The currency pair British Pound to US Dollar GBP/USD completed the trading week at 1.2943. The pair continues to move within the upward trend and at the moment there is a potential for continuing the growth development of the pair. It is worth waiting for an attempt to test the bottom of the uplink near the level of 1.2650 and continue the growth in the area above the level of 1.31.
GBP/USD Forecast Pound to US Dollar May 1 — 5, 2017
In favor of the growth of quotes, the pound dollar will perform an upward support test on the relative strength indicator. Canceling the growth of the pair will be a drop and breakdown at the level of 1.25, which indicates the return of quotations inside the Forex Triangle model and the continued decline of the pair.
Among the important news from Britain that may influence the GBP/USD currency pair rate for the next trading week, the PMI index for the manufacturing sector on May 2, 2017, the PMI Index for the construction sector on May 3, 2017, the PMI index for the services sector on May 4, 2017.
GBP/USD Forecast Pound to US Dollar May 1 — 5, 2017 suggests an attempt to correct to the area of 1.2650 and continue the growth of the GBP/USD pair to the area above 1.31 as part of the upgrade of the upward Forex 1:1 model.
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