The currency pair Pound to US Dollar GBP/USD is trading at 1.2425. Quotes Pairs are traded below the moving average with a period of 55, indicating a bearish trend for the Pound Dollar. At the moment, quotes of the pair begin to test the lower border of the bands of the indicator Bollinger Bands. It is worth waiting for an attempt to grow and test the middle border of the bands near the level of 1.2470, where again we should expect an attempt to continue falling with the first target near the level of 1.2260.
Bollinger Bands GBP/USD forecast on April 5, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 1.2540. The abolition of the continuation of the fall of the Pound The US dollar will be a breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotes above the area of 1.2590, indicating a change in the bullish trend for GBP/USD. In the event of a breakdown of the lower boundary of the indicator bands, it is expected to accelerate the fall of the pair into the region below the level of 1.2260.
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