Currency pair pound dollar GBP USD continues moving inside the descending channel. At the moment, we can expect a slight correction attempt pound against the US dollar to the upper limit of the downward channel and continue falling quotations pair GBP/USD to below 1.19. Cancellation option will be a strong growth of quotations of the pair and the breakdown of the upper boundary of the channel, which points to continued growth Pound Dollar higher than 1.24.
GBP USD Forecast British Pound on October 18, 2016
An additional signal in favor of the fall will test the descending trend line on the indicator of relative strength.
GBP USD Forecast British Pound on October 18, 2016 suggests an attempt to continue falling to 1.29 within the mining triangle forex pattern.
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