Currency pair pound dollar GBP USD continues to move in the uplink and currently the pair rebounded from the support area. We should expect a tight test of the broken trend line on the indicator of the relative strength and the beginning of growth of quotations pair pound dollar to above the level of 1.2600.
GBP USD Forex Forecast Pound Dollar on February 17, 2017
Cancellation option of continued growth of quotations of GBP/USD will drop and the breakdown of the rising channel’s lower border, which will point to the decrease in quotations in the area below the level of 1.22.
The breakdown of the field of 1.26 points to the continuation of growth of pair in the area above the local maximum level.
Among the important news from the UK, which may have an impact on the pound against the dollar, we should mention, Retail Sales, taking into account fuel costs, as well as update operations with foreign securities.
GBP USD Forex Forecast Pound Dollar on February 17, 2017 suggests an attempt to increase within the sample resistance line on the indicator of relative strength, which indicates continued growth in an area above the local maximum level.
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