Currency pair pound dollar GBP USD continues moving inside the descending channel, and at the moment there is a potential for a minor correction of quotations in the next resistance area at 1.2320 where again is expected to fall within the mining forex reversal patterns failure swing on the indicator of relative strength.
GBP USD Forecast Pound Dollar on January 20, 2017
In favor of a continuation of the fall is the relative strength of the rebound of the indicator from the downtrend line. Among the important news that could affect the pound stands out, Retail Sales, taking into account fuel costs, Retail Sales excluding fuel costs.
GBP USD Forecast Pound Dollar on January 20, 2017 suggests an attempt to minor correction and the continuation of the fall with a potential breakdown of the support and aim at a local minimum.
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