Currency pair pound dollar GBP USD showed on the current trading week rebound from the upper border of the descending channel and for now there is the potential for the pair to fall below the level of 1.21. In favor of a drop in prices appears Pound Dollar rebound from the resistance line on the indicator of relative strength.
GBP USD Forecast Pound Dollar on February 13, 2017 — February 17, 2017
Cancellation option will be the fall of quotations strong growth and the breakdown of the upper boundary of the descending channel and growth of the pair above the 1.2750 area; in this case, we can expect growth above the 1.30 area.
Among the important events in the next trading week, 13 – 17 February 2017, which could have a strong impact on the pound, we should mention the Consumer Price Index February 14, 2017, change in the number of applications for unemployment benefits 15 February 2017, the retail volume trade February 17, 2017.
GBP USD Forecast Pound Dollar on February 13, 2017 — February 17, 2017 suggests an attempt to continue the reduction in the rebound from the upper border of the descending channel with the potential to reduce the level below 1.21 area.
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