Currency pair pound dollar GBP USD continues to move through the formation of reversal pattern Forex double top, and from the breakdown area is 1.24 attempted to expect continuation of falling to below the level of 1.22. An additional signal to perform sample falling rising trend line on the indicator of relative strength.
GBP USD Forecast Pound to Dollar on February 7, 2017
However, if the pair will be able to show the development of the rising correction from current levels with the same, in this case, we can expect an attempt to continue growing in the area above the level of 1.2620, which is expected to complete the formation of reversal pattern Forex Head and shoulders, which also indicates a continued decline.
Among the important news from the UK, which may have an impact on the pound against the US dollar, we should mention, the price index for housing by HBOS.
GBP USD Forecast Pound to Dollar on February 7, 2017 suggests an attempt to fall within the beginning of mining forex reversal patterns with the potential double top order to develop to a level below 1.21 area.
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