Technical analysis and forecast of GBP/USD for the week 26/09/2016 – 30/09/2016

gbp_cfdCurrency pair GBP/USD showed growth after a US Federal Reserve meeting, but the pound was unable to hold the position.

The pound was supported by performances Kristin Forbes, the Bank of England committee member of the monetary policy, the application of which was less “soft” than expected.

Technical analysis and forecast of GBP / USD

The pound continues to test the lower boundary of the rising channel. The relative strength indicator shows the observed decline in the trend line, which can cause breakdown of the level 1.2935. As part of the GBP/USD forecast for the week is expected consolidation quotes below 1.2930, which will allow the “bears” to continue the movement to a minimum. However, the possible and the prices bounce up with the development of correction to 1.32.

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