“Bears” seized the initiative and broke the corrective course of pound’s growth.
Economic statistics from the UK demonstrates the growth in housing prices, the index rose by 10% in the first quarter compared to the same period of 2015. Pound responded to this by the weak recovery of positions, but the pressure on the sterling is maintained.
The pair GBP / USD returned to the key level of 1.40, the breakdown of which would mean a further update of minimums, which existed for years. However, at the RSI there is an attempt of increase from the trend line, signalizing the growth in favor of the pound. Forecast GBP / USD for the week 11 Apr 2016 – 15 Apr 2016 assumes a rebound from the level 1.40, the first goal is at 1.4200.
GBP/USD technical analysis and forecast for 04/11/2016 – 04/14/2016 week
