Currency pair pound dollar GBP USD continues moving inside the descending channel, but at the moment the quotes were not able to test the tight upper boundary of the channel. We should expect the attempt to increase GBP USD and the test area above the level of 1.2265, where one can try to re-sell. Cancellation option will be a strong growth of quotations of the pound against the dollar above the upper boundary of the channel, which indicates continued growth couple.
GBP USD Forecast British Pound on October 17, 2016
An additional signal in favor of the fall will test the descending trend line on the indicator of relative strength, but here too there is still room for growth.
GBP USD Forecast British Pound on October 17, 2016 requires the completion of a test of 1.2265 area correction, where you can try to sell the pair with the tight stop.
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