The currency pair GBP/USD continues to grow in line with expectations. Currently, we should expect the test of the upper limit of the downward channel, and attempt to fall. However, this decline should not be considered as a continuation of the downtrend trend. It is likely that we will see an attempt to update the local maximum at 1.46 level. An additional signal in favor of the fall is the area of the resistance test on the relative strength indicator; it can also trigger a drop in prices of GBP/USD.
Forex Forecast GBP/USD for tomorrow, 03/08/2016
So, the Forex Forecast for GBP/USD on 08.03.2016 suggests an attempt to increase to the level of 1.4270, after which we can expect a drop in prices.
