Currency pair pound dollar GBP USD continues to move in the downward trend. Quotes pound pushed from the upper boundary of the descending channel and try to fall within the beginning of working out a reversal pattern Forex Double Top.
GBP USD Forecast FOREX on February 3, 2017
In favor of the version of the fall is the rebound relative strength indicator value from the resistance line, which also indicates a continued decline.
Expect accelerating drop in prices pair Pound Dollar and complete the formation of reversal pattern Forex is a breakdown of the area of support at 1.24. Among the important news from the UK, which may have an impact on the pound against the US dollar, it stands out, PMI index for the services sector, Composite PMI index.
GBP USD Forecast FOREX on February 3, 2017 suggests an attempt to fall within the beginning of working out a reversal pattern with a potential target of the fall to a level below 1.21 area.
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