The efforts of Barack Obama to encourage the British not to leave the European Union support the “bulls” on the pound. It is proven by the growth of the sterling on Friday, which continued to FOREX trading Monday. The expulsion of Britain from the EU was already widely considered in quotations, but it will be clear that many influential forces is unprofitable, and Brexit probability will start to decrease.
GBP/USD technical analysis and forecast on April 26
Pound reached the goal level for growth at 1.45, the RSI is in the resistance zone, which indicates a fast downward correction. However, it is too early to speak about a new wave of sell-pound: as part of the weekly forecast GBP / USD provided a script to perform the reversal pattern “head and shoulders”. Thus, the forecast for the pair GBP / USD considers the reduction of quotations to 1.44, but still remains an attempt for “bulls” to gain a foothold above the upper boundary of the descending channel.
