Actions of pound buyers can hardly be called decisive. Investors are still concerned about the fundamental picture for the UK currency.
Experts predict a further decline of the pound in the case of the UK out of the EU. Pound value against the US dollar may fall to the level of 1.30.
Pound consolidates in the local maxima. The RSI indicator was unable to break the resistance level that signals in favor of reducing prices. Forecast GBP/USD suggests resistance level test and bounce down to 1.41 on March 10. If the “bulls” will show the level of consolidation above 1.4280, we should expect the continuation of the upward momentum.
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