Pound sterling is still under “bearish” pressure after the information about Great Britain work and pensions secretary Iain Duncan Smith’s resignation has been revealed.
Pound in pair GBP/USD is supported by the ascending trend on the oil market that gives “bulls” an opportunity to organize a new attack on US dollar.
Technical analysis and forecast GBP/USD on March 23
Pound could not manage to keep the achieved positions and demonstrated the falling lower than level 1.4260. We see the falling on the RSI indicator, probably, we need to expect the support level test and rebound. By the GBP/USD forecast for 23 March 2016 we need to expect the 1.4150 level test and return of the pound’s quotations growth. But the down break of area 1.4150 will signalize the continuation of quotations falling.
