Analysis for 2020-05-24
EOS (EOS) Cancellation option will drop the strong growth of quotations pound dollar above the level of 1.0880. An additional signal in favor of the fall is the formation of reversal pattern failure swing on the indicator of relative strength. Cancellation option quotes pound dollar in the current trading week will be a strong growth of quotations GBP USD above the 1.0840 level. We continue to keep buying the pound against the dollar and provoke the fall of the pair into the area below the level of 1.0640. FOREX GBP/USD forecast — June 1, 2024 assumes a continuation of the fall in the framework of the beginning of working out a reversal pattern on the indicator of relative strength.