Currency pair pound dollar GBP USD continues moving inside the descending pattern forex Wolfe waves with a potential target of the fall and the mining model below 1.22. In favor of the fall will make the breakdown uptrend line on the indicator of relative strength.
GBP USD Forex Forecast on January 25, 2017. Wolfe Wave
We try to sell the pair gbp usd with tight stop above the local maximum level. Cancellation option will be a strong growth area above 1.2580, it will point to the continued growth of quotations of GBP/USD.
Among the important news from the UK, which may have an impact on the pound against the dollar is to provide the Bank of England Governor Mark Carney’s speech to speech, we should expect increased volatility.
GBP USD Forex Forecast on January 25, 2017 suggests an attempt to fall within the beginning of the descending forex wave pattern Wolfe with a potential target of the fall to a level below 1.22 area.
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