GBP USD Analysis and Forecast May 12 2016


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Currency pair pound dollar GBP/USD in the FOREX continues to test the support area close to the four-hour chart. The purpose of growth is the area at a level above 1.46. Cancellation option of upward movement on GBP USD pair will drop in prices below the level of 1.44, which may well provoke a movement in the area below the level of 1.40. An additional signal in favor of the growth is the test and the rising support line on the indicator of relative strength, it also points to the growing attempt already from current levels.

GBP USD Analysis and Forecast May 12 2016

GBP USD Analysis and Forecast May 12 2016

Thus, GBP USD Analysis and Forecast May 12 2016 the growth is expected to begin in the rebound from the support area on the price chart and the RSI indicator with a view above the level of 1.46.


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