Currency pair pound dollar GBP USD closed the week at 1.2404. The pair continues to decline in the rebound relative strength indicator of a downward trend line. The purpose of the fall is the area on the level below the level of 1.21.
Is expected to accelerate the fall of quotations of the dollar pound is a breakdown of the rising trend line on the indicator of relative strength that will point to a continuation of the fall to below 1.14.
GBP USD forex forecast on February 20, 2017 — February 24, 2017
Cancellation option of decrease in pair pound dollar for the current trading week will be a strong growth area and the breakdown of the local maximum with the closing quotation GBP/USD above the level of 1.29, which points to a pair of assurance quotations fall and try to increase above the level of 1.34.
Among the important news from the UK, which could affect the course of the currency pair GBP USD on the next trading week, we should mention, Parliamentary hearings on the issues of inflation, as well as the speech of the Bank of England Governor Mark Carney speech February 21, 2017.
GBP USD forex forecast on February 20, 2017 — February 24, 2017 suggests an attempt to continue to fall below the level of 1.21, the breakdown of which points to the continued decline in the region below the local minimum area of 1.15.
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