The pound continues to rise against the US dollar. The sterling had been supported by the results of recent surveys of the British about the upcoming referendum, according to which the number of those who would vote for the country presence in the EU has reached its highest point in recent months. The market took it positively enough.
GBP/USD technical analysis and forecast for 04/24/2016 – 04/29/2016 week
The GBP / USD pair shows high volatility, but continues to be traded within the correction to the upper boundary of the descending channel. The RSI on the daily chart is pointing upwards, indicating the continuation of the growth of the pound. The GBP / USD Forecast for the week 04/25/2016 – 29/04/2016 provides a test of the 1.45 level, then one should expect a rebound down.
