Currency pair pound dollar GBP USD continues to move within the framework of the descending pattern forex Wolfe waves with a potential target of the fall below the level of 1.22. Is expected to accelerate the fall is a breakdown of the uptrend line on the indicator of relative strength that will point to the continued decline in the area below the level of 1.21.
Forex forecast British Pound (GBP/USD) on January 30, 2017
Cancellation option of reduction of quotations of the currency pair GBP/USD will be strong growth and the breakdown field of the local maximum, which indicates continued growth en pounds above the level of 1.28. But do not rule out a pair of quotes in an attempt to correct the area above the level of 1.2580.
Important news from Britain tomorrow is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
Forex forecast British Pound (GBP/USD) on January 30, 2017 suggests an attempt to continue the reduction of the pound against the dollar within the mining model bearish forex Wolfe waves with the potential aim of improving on the level below 1.22 area.
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