Currency pair pound dollar GBP USD continues to move in the lateral trend and currently quotes pound left the rising channel, which indicates a potential pair of quotes fall to below 1.2270. In favor of accelerating the fall of quotations GBP/USD will perform sample support line on the indicator of relative strength.
Forex GBP USD Forecast on February 28, 2017
But do not rule out a broken test of the channel, and then attempt to continue the fall of quotations. Cancellation option will be the pair of reducing the strong growth and the breakdown field of 1.26, which points to continued growth of quotations in the area above the local maximum level.
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.
Forex GBP USD Forecast on February 28, 2017 suggests an attempt to continue the reduction in the area below the 1.2270 level within the release quotes the rising channel.
