Currency pair pound dollar GBP USD continues to move in the descending channel and fulfills reversal forex model failure swing on the indicator of relative strength. The purpose of the fall is the area at the level of 1.21. We hold a deal to sell gbp usd with tight stop.
GBP USD Forecast Pound exchange rate on January 23, 2017
Is expected to accelerate the fall of quotes GBP/USD is a breakdown of the trend line on the indicator of relative strength.
Cancellation option will drop in prices 1.2470 breakdown fields that indicates the output quotations beyond the upper limit of the downward channel and the continuation of growth of pair. Important news from the UK is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP USD Forecast Pound exchange rate on January 23, 2017 suggests an attempt to drop to 1.21 within the mining model forex failure swing on the indicator of relative strength.
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