The dollar reached the two-month maximum against the basket of major currencies. The pound remained under pressure after the speech of Janet Yellen the Fed Chairman assured markets that the interest rate will be raised in the United States in June or July.
GBP/USD technical analysis and forecast on June 1
The pound has shown the predicted increase above $ 1.4700, but the “bulls” could not hold the position. The RSI on the four-hour chart resumed growth towards resistance level after the correction. Pound / dollar is trading in the ascending channel, the main goal for growth is at the upper limit near 1.50. The GBP / USD forecast for 06/01/2016 considers the return of the quotes to the area at 1.47.
