Technical analysis and forecast GBP/USD on March 24

Tuesday trades of the pair GBP/USD had the down trend, the “bulls” did not do anything to stop the falling.

The pound rate has demonstrated the falling toward the support area 1.4150, expect the return of the upward motion to the top channel border from this area. But on the four hours chart the RSI has not tested the support area yet, which can cause the down trend of the pair GBP/USD to the level 1.4100. Thus, the forecast GBP/USD for 24 March 2016 considers the rebound up from the support level and moving to the goal level 1.4600.

 

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