Currency pair pound dollar GBP USD ends the trading week down after the publication of index NON-FARM PAYROLLS. The pair continues moving inside the descending pattern forex 1:1 with a view to a potential fall and working out at a level below 1.14 area.
GBP USD FOREX Forecast on January 9, 2017 — January 13, 2017
Cancellation option will be a strong growth of quotations pound dollar above the level of 1.27, which indicates the output pair of the descending channel and continued growth in the region above the level of 1.29.
But do not attempt to exclude correction to the upper boundary of the channel, and only after that to continue reducing. Is expected to accelerate the fall of quotations currency pair GBP USD is a breakdown of the area of a local minimum.
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, house price index from HBOS January 9, 2017, The Industrial Production January 11, 2017, the same day will be presented data, change in the volume of production of processing industry, balance of visible trade, data on change from the NIESR GDP, at the end of the trading week, January 13 will be presented to the data report on credit conditions, the Commission Member of the Bank of England Michael Saunders will make a speech.
GBP USD FOREX Forecast on January 9, 2017 — January 13, 2017 suggests an attempt to continue the reduction in the framework of the descending forex model 1:1 with a view to a potential fall in the level below the 1.14 area, the camp of the cancellation option sample area the upper limit of the downward channel.
