Currency pair pound dollar GBP USD continues to move in the descending channel and currently has the potential to continue to decline below the level of 1.21, the breakdown of this field will indicate an attempt to reduce to below the level of 1.14.
GBP USD Forecast Pound Dollar on January 4, 2017
Cancellation option of falling quotations pound against the US dollar will be strong growth and the breakdown of 1.2420 area, that will indicate the quotations leaves the descending channel, and continued growth in the region above the level of 1.26.
Expect to accelerate reduction of quotations pair GBP USD is a breakdown of the rising channel’s lower border. Among the important news from the UK, which may have an impact on the pound against the dollar, we should mention, the PMI index for the construction sector, as well as the volume of net loans to individuals.
GBP USD Forecast Pound Dollar on January 4, 2017 suggests an attempt to continue falling in the area at the level of 1.21 in the rebound from the resistance area and the upper boundary of the descending channel, the cancellation option will become the closing quotes above level 1.2420.
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