Currency pair pound dollar GBP USD continues to move upward within the model FX 5-0 and currently quotes pushed from the lower boundary of the model, but the potential for the drop is maintained by tight theta downward trend line on the indicator of relative strength.
In favor of reduction of quotations Pound Dollar forex perform sample model Triangle down, that will indicate a drop to below the level of 1.2270.
GBP USD Forex forecast on February 22, 2017
Cancellation option will drop in prices pair of strong growth of the pound against the dollar above the level of 1.25, which points to continued growth in the region above the level of 1.2650.
Among the important news from the UK, which may have an impact on the pound against the dollar, we should mention, Change of GDP, total investment volume change, the speech of the Bank of England’s financial stability.
GBP USD Forex forecast on February 22, 2017 suggests an attempt to break down the Triangle forex model and continued decline in the area below the level of 1.2270.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
