Pound weakly responded to the results of the FOMC meeting, investors are in no hurry to open new positions on British currency. The Fed’s covering statement was soft enough, the uncertainty in the timing of further rate still exists, which should support the “bulls” on pound.
GBP/USD technical analysis and forecast on April 29
The GBP / USD currency pair is still traded above the upper border of the downward channel. The RSI is getting lower after the rebound from the resistance level, showing that there is a pause in the sterling’s growth rate. According to the forecast for GBP / USD on 29 April 2016 expect a decline to 1.4450, where a new wave of growth can begin.
