Currency pair pound dollar GBP USD continues to move in the bullish channel with a potential target of growth above the level of 1.2720, however, when the data is expected to reduce the levels in the rebound from the resistance line on the indicator of relative strength. We continue to hold to sell the pair and willing to try new positions with decreasing development. With the breakdown of the rising channel’s lower border is expected to continue falling in the framework of the weekly forecast the pound.
GBP USD Forex Forecast Pound Dollar on December 14, 2016
Cancellation option will be a strong growth and the breakdown of the upper limit that indicates the continuation of an upward trend for the pair. Among the important events that may have an impact on the British Pound against the US Dollar tomorrow December 14, 2016 stands out, change in the number of applications for unemployment benefits are expected to decline from the level of 9.8K to 6.2K level, which could put pressure on the pair GBP / USD, as well as the Statement of Bank of England Governor mark Carney.
GBP USD Forex Forecast Pound Dollar on December 14, 2016 suggests an attempt to fall in the rebound from the resistance area with the immediate goal of reducing the level 1.2515.
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