Currency pair pound dollar GBP USD continues to move through the development of a fall. Quotes were able to penetrate the area of support and the rising trend line on the indicator of relative strength that will point to the continuation of the reduction with a view to the field below 1.22.
GBP USD Forecast Pound Dollar on March 2, 2017
The breakdown of this area indicates the potential test 1.19 level. We continue to keep selling the pair pound dollar and increase the amount of short positions on the development of a fall. Cancellation option will be the reduction of the sample area 1.26, which indicates continued growth in an area above the local maximum level.
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.
GBP USD Forecast Pound Dollar on March 2, 2017 suggests an attempt to continue falling in the rebound from a broken trend line on the indicator of the relative strength of the first goal of the fall to a level below 1.22 area.
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