Currency pair GBP/USD on Forex shown growth and currently has almost fulfilled the purpose for failure swing pattern on the indicator of relative strength. Now we should expect the test of 1.4020 level and attempt to correct in the framework of the formation of inverted head and shoulders pattern. In this case, one should try to buy near the level of 1.39. The purpose of working out of such a model is the area above the level of 1.4240. An additional signal to GBP/USD quotations growth is the break of the descending trend line on the indicator RSI.
Thus, the Forex Forecast for GBP/USD on March 2, 2016 suggests an attempt to test the level of 1.4020, then correction to 1.39 for the formation of the right shoulder of a head and shoulders pattern.
