The currency pair Pound to US Dollar GBP/USD continues to trade near the local maximum area, it is worth waiting for an attempt to test the upper border of the channel and the beginning of the fall of quotations to the area of 1.2850.
GBP/USD Forecast Pound to US Dollar on May 9, 2017
In favor of the fall of the pound against the US dollar on Forex, the downward resistance line test is on the indicator of relative strength. The cancellation of the fall of the pair’s quotes will result in a strong growth and breakdown of the area of 1.3010, which will indicate the acceleration of GBP/USD quotations.
Important news from England tomorrow is not expected, so the pair Pound Dollar will continue to move within the technical analysis of GBP/USD.
GBP/USD Forecast Pound to US Dollar on May 9, 2017 suggests an attempt to fall below 1.2850 within the rebound from the resistance line on the relative strength indicator, the breakdown of the region 1.3010 will be a test, in which case it is expected to continue the pair’s growth.
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