Currency pair pound dollar GBP USD contrary to expectations, the breakdown triangle model below shows a strong growth and has been able to break through the upper boundary of the model. currently retained the capacity to complete the formation of a large reversal forex head and shoulders pattern that points to a continuation of falling of quotations pair GBP USD.
GBP USD Forecast British Pound on September 1, 2016
Cancellation option will be the fall of the strong growth and the breakdown of the area of a local maximum. Consider new sales worth at the time of completion of the formation of the right shoulder pattern at the level of 1.32. The aim of incidence in this case is the area at a level below 1.28.
GBP USD Forecast British Pound on September 1, 2016 suggests an attempt to continue the upward correction the pair quotes at 1.32 area where we can expect the beginning of falling within the mining reversal pattern Forex Head and Shoulders.
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