Currency pair pound dollar GBP USD continues to move in the development of the upward correction in the region at the level of 1.2430, where once again we can expect a rebound and fall to below the level of 1.2250.
GBP USD Forecast Pound against dollar on January 3, 2017
Cancellation option will be a strong growth of quotations pair pound dollar above the level of 1.2520, which indicates the continuation of the development of dance upward correction for the pair. In favor of the fall of the push test the resistance line on the indicator of relative strength.
Among the important news from the UK, which could affect the course of the currency pair Pound Dollar, we should mention, the PMI index for the production sector, is expected to decline from the level of 53.4 to a level of 53.3.
GBP USD Forecast Pound against dollar on January 3, 2017 suggests an attempt to increase the breached border of the channel and continue to decline below the level of 1.2250, the cancellation option will break-down area 1.2520.
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