Currency pair pound dollar GBP USD continues to move in line with expectations and our forecast the pound dollar tomorrow. At the moment, there is the potential to see the breakdown of the area near the support level of 1.2520 on.
GBP USD Forecast Pound Dollar on December 16, 2016
We continue to keep selling the pair, however, are willing to increase sales after a minor correction quotation GBP/USD. Cancellation option pair pound falling dollar will be strong growth above the level of 1.2750. In favor of the fall of the push-test the broken trend line on the indicator of relative strength. Among the important news that could affect the course is to provide the British Pound, the publication of the amount of data of building permits issued in the US, it is expected a slight growth rate at the level of 1229K to 1245K level, which could put pressure on the pound in favor of the US dollar.
GBP USD Forecast Pound Dollar on December 16, 2016 suggests an attempt to continue to fall below the level of 1.2260 after a minor correction of quotations couple Cancellation option will break-down area 1.2750.