Currency pair pound dollar GBP USD continues to move through the formation of the descending wave of Wolfe FX models with the potential aim of improving on the level below 1.22 area. Quotes couple came to suites zones that may be a model and now are back into the model.
GBP USD Forecast British Pound on January 27, 2017
In favor of a continuation of the fall is the breakdown of the neckline reversal forex head and shoulders pattern on the indicator of relative strength, it also points to the drop from the near future. Once again, we try to sell the pair gbp usd with tight stop and are ready to increase the volume of sales with a decrease in development.
Cancellation option will be a strong mouth and the breakdown of the area of a local maximum. Important news from Britain tomorrow is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP USD Forecast British Pound on January 27, 2017 suggests an attempt to fall within the framework of the continuation of mining bearish wave pattern Wolfe forex with a potential target area fall below 1.22.
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