Currency pair pound dollar GBP USD continues to test the tight area of the upper boundary of the triangle model. At the moment, preserved potential to rebound and fall of quotations GBP USD to the lower limit of the potential breakdown it down.
GBP USD forecast for the Pound against the dollar on September 5, 2016
Cancellation option will be a strong growth of quotations of the pound against the dollar at the time of publication NON-FARM PAYROLLS above the 1.3350 area, which points to the breakdown of the model triangle and continued growth within the mining of this model. An additional signal in favor of the fall is the area of the resistance test for the relative strength indicator, which also indicates a potential rebound from the upper boundary of the model.
GBP USD forecast for the Pound against the dollar on September 5, 2016 suggests an attempt to fall within the framework of continuing formation model triangle with a view to fall at the lower model boundaries, also should not forget that the publication of this NON-FARM PAYROLLS can lead to high volatility and break all expectations and forecasts of the currency pair pound dollar.
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