Currency pair pound dollar GBP USD continues to move through the correction, at the moment there is a potential for continued growth of quotations pound to 1.26, where we can expect a tight test of the upper boundary of the descending channel and began to fall below the level of 1.24.
Forex GBP USD Forecast Pound Dollar on February 9, 2017
In favor of a rebound quotes Pound Dollar will perform the test downward trend line on the indicator of relative strength. Cancellation option will be a strong growth area and the breakdown of 1.2660, which will point to the continued growth of quotations of the pair.
In the case of a fall to 1.23 there are risks to see growth in the framework of the beginning of the mining bullish forex Wolfe wave model.
Among the important news in Forex, which may affect the pair Pound Dollar exchange rate, stands out, the performance of the Bank of England head Mark Carney speech.
Forex GBP USD Forecast Pound Dollar on February 9, 2017 suggests an attempt to increase the upper boundary of the descending channel at the level of 1.26, where again we can expect an attempt to fall.
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