Currency pair pound dollar GBP USD closed the week at 1.2480. The pair managed to push off from an important resistance area and is currently retained potential for the quotes to continue falling to below the level of 1.21. In favor of a rebound of the dollar against the pound stands the test downward trend line on the indicator of relative strength.
GBP USD forex forecast on February 6, 2017 — February 10, 2017
But do not rule out another attempt to test resistance area, and only after that to continue fall. Cancellation option of a downward trend for the pair GBP/USD will be the breakdown of the upper boundary of the descending channel that will point to the potential growth in the area 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, Voting membership in the EU, which will be held on February 8, 2017.
GBP USD forex forecast on February 6, 2017 — February 10, 2017 suggests quotations falling attempted to 1.21 in the rebound from the resistance area, the cancellation option will breakdown level 1.2950, which will point to continued growth.
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