The currency pair British Pound to US Dollar GBP/USD end the trading week at 1.2400. Quotations The pair broke through a moving average with a period of 55 and began to trade below its limit, indicating a bearish trend for the Pound Dollar. At the moment, the quotes of the pair test a moving average with a period of 55 and the average border of the bars of the indicator Bollinger Bands. It is worth waiting for an attempt to continue falling with the first goal near the level of 1.2180.
Bollinger Bands GBP/USD prediction on April 10 — 14, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 1.2640. Canceling 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 1.2810, indicating a change in the bullish trend for GBP/USD. In the event of a breakdown of the lower border of the indicator strip, we expect to accelerate the fall of the pair into the area below the level of 1.2180.
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