Currency pair pound dollar GBP USD continues to move through the fall, and at the moment there is the potential for the breakdown field of 1.22 and continuing with a view to reducing the level of a local minimum.
In favor of the version of the fall is the breakdown of the support line on the indicator of relative strength, is expected to return to the broken line and the continuation of the fall.
GBP USD Forecast Pound Dollar on March 3, 2017
Cancellation option of reducing the pound may be sample area 1.24, which points to continued growth of quotations. We continue to hold the sale of the pound and the breakdown to increase the volume of short positions on the pair.
Among the important news from the UK, which may have an impact on the pound against the dollar, we should mention, Composite PMI index.
GBP USD Forecast Pound Dollar on March 3, 2017 suggests an attempt to continue the pound falling to below the level of 1.22, a break of this level will indicate a potential decline in the area below 1.20.
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