The currency pair Pound Dollar GBP/USD continues to test the local maximum area. At the moment, the pair is trading near the level of 1.2935, we should expect an attempt to test the area of 1.2950 and start the decline to the level of 1.2770. In favor of falling quotations of the pound-dollar pair, a downtrend test on the relative strength indicator will perform. The cancellation of the variant of falling quotations of the pound dollar will result in a strong growth and breakdown of the 1.30 area, which will indicate that the pair’s quotes continue to grow.
GBP/USD Forecast Pound Dollar on May 8, 2017
Among the important news from Britain, which can have an impact on the pound against the dollar, it is worth highlighting, the Housing Price Index from HBOS.
GBP/USD Forecast Pound Dollar on May 8, 2017 suggests an attempt to drop the pair’s quotes to the area below the level of 1.2770 as part of the rebound from the downtrend line on the relative strength indicator, the breakdown of the 1.30 area will be a cancellation.
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