Currency pair pound dollar GBP USD continues to move in line with expectations and currently quotes were able to break through important support near the 1.24 area.
We should expect the attempt punched level test and continuing drop in prices and the pound against the dollar in the framework of start mining forex reversal patterns with the double top potential target falls below the level of 1.2150.
Forex GBP USD Forecast on February 8, 2017
In favor of a continuation of the fall is the breakdown of the uptrend line on the indicator of relative strength. Cancellation option can become a strong growth and attempt to update the local maximum level.
Among the important news in Forex, which may affect the pair Pound Dollar exchange rate, stands out, Voting membership in the EU, which may provoke a strong increase in volatility in the event of an unforeseen solutions.
Forex GBP USD Forecast on February 8, 2017 suggests an attempt to test the breached border forex reversal patterns and double top to continue to fall below the level of 1.2150
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