The currency pair Pound to US Dollar GBP/USD continues to test the resistance area and at the moment there is a potential for falling to the area below the level of 1.2770. In favor of falling quotations, the pound dollar is a breakdown of the upward trend line on the indicator of relative strength. The cancellation of the GBP/USD decline will result in a strong growth and breakdown of the area of 1.2970, which will indicate the continued growth of the pair.
GBP/USD Forecast Pound to US Dollar on May 4, 2017
Among the important news from Britain, which can influence the pound against the dollar, it is worth highlighting the PMI Index for the service sector, the Composite Index PMI, the Volume of net loans to individuals.
GBP/USD Forecast Pound to US Dollar on May 4, 2017 suggests an attempt to continue the decline in the area below the level of 1.2270 within the rebound from the broken trend line on the indicator of relative strength, the breakdown will be the breakdown of the local maximum area.
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