GBP/USD technical analysis and forecast on March 31

Current week shows the stable growth against the US dollar. “Bull” tendency is promoted by the speech of the head of Federal Reserve System, as a result we have the worst month dynamic for the year.

GBP/USD technical analysis and forecast on March 31

“Bulls” on pounds managed to establish higher than 1.4400 level, but the further growth is limited by the resistance level on the RSI. Probably the pair GBP/USD will show the correlation to the area 1.4300-1.4350, form where it can get the growth back. Thus, the forecast GBP/USD for tomorrow considers the quotations falling, after that pound will start growing within the week forecast.

 

 

 

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