FOREX GBP/USD Pound Dollar forecast May 17 2016


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Currency pair pound dollar GBP/USD Forex continues to test the support area densely inverted head and shoulders pattern, which suggests an attempt to rebound and develop quotes GBP USD growth in the area above the level of 1.45.

FOREX GBP/USD Pound Dollar forecast May 17 2016

FOREX GBP/USD Pound Dollar forecast May 17 2016

Cancellation option can be a strong drop in prices pair pound dollar below the level 1.4250, which will lead to a drop in the region at the level of 1.40. Additional forex signal in favor of the growth is the test rising trendline on the RSI indicator of relative strength, which also involves the attempt to increase the pound. Thus, FOREX GBP/USD Pound Dollar forecast May 17 2016 suggests an attempt to rebound from the field lines pierced the neck model head and shoulders.


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