GBP/USD pound to dollar forecast May 23, 2016


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Currency pair pound dollar GBP/USD continues to trade forex in line with expectations and our forecast GBP/USD for tomorrow.

GBP/USD pound to dollar forecast May 23, 2016

GBP/USD pound to dollar forecast May 23, 2016

At the moment, there is the potential for the formation of reversal pattern head and shoulders. The aim of the pound quotations fall is the area on the level below 1.4480. Cancellation of the formation of the model head and shoulders will be a strong growth of quotations of the pair above the 1.4680 level. At this moment we should wait for the right shoulder-level test can be where you can try to sell the pair with the tight stop. GBP/USD pound to dollar forecast May 23, 2016 involves the completion of the model’s head and shoulders and the drop in prices of the pound against the US dollar.


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