Currency pair pound dollar GBP USD continues to move beyond the uplink and currently eats potential for dense dough pierced the channel and continue falling to below the level of 1.23.
In favor of a continuation of falling of quotations Pound Dollar speak broke the support line on the indicator of relative strength.
GBP USD Forecast Pound to Dollar on March 1, 2017
Cancellation option will drop the pair quotes sample area of 1.25, which indicates the continuation of the upward movement for the pair to test the potential of a local maximum region. We try to sell the pair gbp usd with tight stop loss.
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 production sector, as well as the volume of net loans to individuals.
GBP USD Forecast Pound to Dollar on March 1, 2017 suggests an attempt to continue to fall below the level of 1.23 within the release quotes the rising channel, which indicates the completion of a pair of growth.
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