The GBP / USD currency pair showed an increase by 3.20% in March after four months of decline. In April, we can see an activation of bulls on the pound.
Tomorrow one should pay attention to the publication of information about the UK GDP for the first quarter. First three months are expected to show the growth of the British economy by 0.6%.
GBP/USD technical analysis and forecast on April 27
Pound is rising above the upper limit of the downward channel. RSI is testing the resistance level, limiting the further growth of quotations. The Forex forecast for GBP / USD on April 27 provides an attempt of «bulls” to pierce the channel, which implies the quotations growth in the 1.4600 area and retest the breached border.
