Friday speech of Janet Yellen confirmed that the rate escalation should be expected in the coming months, what will support the US dollar. Thus, before the meeting of the US Federal Reserve on June 15 pound will come under pressure, and the interest of investors to the dollar will strengthen.
GBP/USD technical analysis and forecast on May 31
The pound was fixed above the level of 1.46, the main purpose for the “bulls” is above the May maximums. The indicator of the RSI is in the neutral zone and is ready to resume growth to the resistance level, which indicates in favor to the quotations growing. The GBP / USD forecast for 31 May 2016 considers the strengthening of the pound, but as the referendum approached the UK’s membership in the European Union, the volatility will increase.
