The currency pair Pound Dollar GBP/USD is trading below the moving average, indicating a downward trend and suggests a pair of quotes fall to below 1.2335. However, at the moment the pair is sandwiched by the model triangle, we should expect a tight test of the moving average and try to break the model down to reduce the development.
Bollinger Bands forecast GBP USD on February 24, 2017
Conservative area for the pair Pound Dollar Sales is located at the upper Bollinger Bands border strips near the 1.2490 area, where we can expect another reduction pair. Cancellation option will drop in prices 1.2510 breakdown field that will indicate a potential change of the trend in favor of the rising. Is expected to accelerate the fall of quotes pound against the US dollar is a breakdown of 1.2385 area.
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