On Friday, the GBP / USD pair showed a decrease, which is caused by the profit-taking on long positions. Sterling remains under pressure before the FOMC meeting and the referendum in the UK.
The US dollar seems to be quite interesting for investors after unusually “hawkish” minutes of the Fed.
GBP/USD technical analysis and forecast on May 24
Pound started the week with a decline, but the GBP / USD pair continues to be traded within the ascending channel. The RSI on the four-hour chart is aimed at supporting the test that indicates the correction in favor of the quotations in the area 1.4400. Thus, the forecast GBP / USD on 05.24.2016 assumes the resumption of growth after the test of the rising channel’s lower border.
