The pound has shown a significant growth comparing to the US dollar, adding optimism to the information being published about the GDP of the Great Britain. In the first quarter it was recorded the GDP growth by 0.4% in comparison with the previous quarter, the annual growth was 2.1%, which exceeded forecasts.
GBP/USD technical analysis and forecast on April 28
Pound is traded under the expected scenario in the weekly forecast for GBP / USD. “Bulls” had an opportunity to show a growth to the 1.46 level, the RSI on the four-hour chart is in resistance area, showing that the correction to the 1.4450 level is meant to be. The forecast for GBP / USD on April 28 suggests a retest of the breached border of the channel, and then the upward momentum may continue.
