Currency pair pound dollar GBP USD continues to move in the uplink. but the pair found resistance near the 1.2520 area and currently quotes again trapped in a model triangle. We should expect another attempt to drop to the lower boundary of the model triangle with a potential breakdown it down and development fall to below 1.23.
Forecast Forex GBP/USD on February 27, 2017
In favor of a continuation of the fall will make the breakdown of the trend line on the indicator of relative strength, which points to a drop in prices accelerated a dollar a pound. In the case of growth of the pound against the dollar above the level of 1.2540, we can expect growth in the area above the local maximum level. By this pair we still remain out of the market.
Important events in the UK, which could affect the course of the pound dollar is not expected, so the pair will continue to move within the framework of technical analysis GBP/USD.
Forecast Forex GBP/USD on February 27, 2017 suggests an attempt to drop to the lower boundary of the model triangle with the probability of breakdown it down, in the case of the growth above the level of 1.2540 is expected to continue bullish trend for the pair.
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