The POUND in the pair GBP/USD shows the reduction even in the events of positive information in Great Britain. The January changes of the industrial production volume and production in process industry have demonstrated the previous indicators, but the Pound exchange rate is continuing the down trend.
Daily forex forecast GBP/USD on March 11
The pair GBP/USD shows the slow reduction after the local maximums update in the area of 1.4283. RSI is continuing the reduction that shows the weakness of “bulls” on the Pound. In the framework of the GBP/USD forecast for 11.03.2016 the trading in the range of 1.4100-1.4250 is expected. Quitting the range to reduction with the goal of 1.40 is more likely.
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