Currency pair pound dollar GBP USD continues to trade in line with expectations and at the moment the pair is trying to leave the development of upward correction. At the moment, there is the potential for the growth of quotations GBP USD above 1.24 level, which is expected to test the descending trend line on the relative strength indicator and continue falling in the rebound from the upper border of the descending channel.
GBP USD Forecast British Pound on October 13, 2016
Cancellation option will increase in quotes fall above the level of 1.26, which points to the continued growth of the pair above the 1.28 level.
GBP USD Forecast British Pound on October 13, 2016 suggests an attempt to test the upper boundary of the channel, where you can try to sell the pair gbpusd with tight stop.
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