The currency pair Pound Dollar GBP/USD is trading at 1.2414. Quotations The pair broke through a moving average with a period of 55 and began to trade below its level, indicating a change in the bearish trend for the Pound Dollar. At the moment, the quotes of the pair move between the moving average with a period of 55 and the lower boundary 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 1.2490, where again we should expect an attempt to continue falling with the first target near the level of 1.2290.
Bollinger Bands Prediction GBP/USD on March 30, 2017
The conservative sale area is located near the upper boundary of the Bollinger Bands indicator strip at 1.2630. The abolition of the continuation of the fall of the Pound US Dollar will be a breakdown of the region of the upper border of the indicator and the closing of the pair’s quotes above the area of 1.2660, which will indicate a change in the trend in favor of the bullish on the 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 area below the level of 1.2290.
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