The Currency pair British Pound US Dollar GBP/USD is trading at 1.24673. The pair continues to move above the moving average with a period of 55, indicating a bullish trend for the Pound Dollar. At the moment, quotes of the pair test the average border of the bars of the indicator Bollinger Bands. It is worth waiting for an attempt to fall and test the lower border of the bands, where again we should expect an attempt to continue growth with the first goal near the level of 1.2605.
Bollinger Bands forecast GBP/USD on March 27, 2017
The conservative shopping area is near the lower border of the Bollinger Bands indicator strip at 1.2410. Canceling the option of continuing the growth of the Pound The US dollar will be a breakdown of the lower border area, as well as the moving average and the closing of the pair’s quotes below the area of 1.2370, which will indicate a change in the trend in favor of the bearish in the GBP /USD. In the event of a breakdown of the upper boundary of the indicator bands, it is expected to accelerate the growth of the pair to an area above the level of 1.2605.
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