FxGrow Daily Technical Analysis – 13th May, 2016
By FxGrow Research & Analysis Team
The British pound gained momentum as the BOE retains current policy
The GBPUSD reached 1.4530 high yesterday as the Bank of England (BOE) reiterated its view on policy and downgraded its GDP outlook. The GBPUSD is attempting to breakout of the downward trend and the RSI remains bullish for the pound and breaking the resistance point 1.4475 will expand its upward move toward 1.4495, 1.4515 and 1.4545 respectively.
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