Currency pair pound dollar GBP USD continues to attempt to movement within the forex Wolfe wave model. At the moment, we can expect the fall of quotations of the dollar to the pound at a level below the 1.2290 area, where once again we can expect a rebound attempt and continued growth.
GBP USD Forecast British Pound on February 10, 2017
In favor of a drop in prices GBP/USD from current levels appears tight test downward trend line on the indicator of relative strength. Cancellation option will be the fall of quotations breakdown of 1.2760 area, which point to continued growth of the pound against the dollar.
Among the important news in Forex, which may affect the pair Pound Dollar exchange rate, we should mention, Industrial Production, Balance of visible trade.
GBP USD Forecast British Pound on February 10, 2017 suggests the fall in an attempt to complete the formation of cancers bullish forex wave pattern Wolfe, target of the fall is the area on the level below 1.2290, where the pair is expected to rise.
