Currency pair pound dollar GBP USD continues to move through the formation of reversal pattern double top, and do not forget about working out a bearish Forex Wolfe Wave patterns with a view to a potential fall in the level below 1.22 areas.
GBP USD Forecast Pound to Dollar on February 6, 2017
Is expected to accelerate the fall of the pound against the dollar quotation is from the area of the breakdown of support near the level of 1.22.
Cancellation option will drop sponge quotations strong growth and the breakdown of 1.2750 areas, which point to the continued growth of quotations of the pair.
It is also an important signal in favor of the fall will break the support line on the indicator of relative strength. Important news from the UK, which may have an impact on the pound against the US dollar, is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP USD Forecast Pound to Dollar on February 6, 2017 suggests an attempt to fall within the beginning of working out a reversal pattern Forex double top for the purpose of falling below the 1.22 area.
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