In recent weeks, the pound has been one of the most volatile currencies. On Tuesday, the “bulls” were supported by the publication of the quarterly inflation report from the Bank of England and the subsequent discussion at the special parliamentary hearings.
GBP/USD technical analysis and forecast on May 26
Week for the pound started with correlation, but the “bulls” on the GBP / USD got back the lost positions. The RSI is in resistance area, the upward movement is limited. Thus, the GBP / USD forecast on May 26, 2016 provides a consolidation at the achieved levels. The weekly GBP / USD forecast considers a growth in the area of the May maximums.
