Week starts for pound quite positive, the pair GBP / USD shows the growth in response to the decision taken right before the unanimous decision of Bank of England to keep rate at the same level. The publication of weak data from the US, weakening the dollar across the spectrum of the FOREX market, supported the demand for the Pound sterling.
GBP/USD technical analysis and forecast on April 19
The GBP / USD pair is traded near the 1.4200 level. Relative Strength Index showed a rebound from the trend line and continues the upward movement. “Bulls” on pound are trying to develop a correction up to the upper boundary of the descending channel. The GBP / USD forecast on April 19 considers the growth the sterling to 1.4300, where the sellers’ activity is.
