Pound Dollar forecast — May 19, 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.

Pound Dollar forecast — May 19, 2016

Pound Dollar forecast — May 19, 2016

To date, the model’s head and shoulders are almost fulfilled its purpose. It is necessary to wait for the continuation of the pound falling of quotations in the area above the level of 1.4650, where we can expect the beginning of a downward correction. Cancellation option will break the fall of a local maximum level that will indicate an attempt to continue the growth of GBP/USD. Pound Dollar forecast — May 19, 2016 suggests an attempt to test the level of 1.4650, where one can try to sell the pound with a close stop.


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