Currency pair pound dollar GBP USD continues to test dense area 1.27. At the moment, there is a potential for a fall in quotations pound dollar within the beginning of working out a reversal pattern failure swing for the purpose of falling below the 1.26 area.
GBP USD Forex Forecast on December 6, 2016
We try to sell the pair with the tight stop and are ready to increase sales with a decrease in the development, furthermore in case of breakdown of the level of 1.26, is expected to continue falling to decrease below 1.22. Cancellation option will increase in quotes pound strong dollar above the level of 1.28, which indicates the continuation of upward correction for the pair. Important news from Britain tomorrow is not expected, so the pair will continue to move in the technical analysis.
GBP USD Forex Forecast on December 6, 2016 suggests an attempt to fall within the mining model forex failure swing to reduce the level below 1.26.
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