Currency pair pound dollar GBP USD continues to move upward within the model FX 5-0 and currently quotes pair breaks above the upper boundary of the model triangle, which points to an attempt to continue the growth in the area above the level of 1.2650.
GBP USD Forex Forecast Pound Dollar on February 24, 2017
Cancellation option will drop the growth area of 1.2430 and a break that will point to the continued reduction and abolition of the rising forex model 5-0.
Among the important news from the UK, which may have an impact on the pound against the dollar, we should mention, mortgage lending by the BBA.
GBP USD Forex Forecast Pound Dollar on February 24, 2017 suggests an attempt to rise in share price within the mining triangle forex pattern with a potential upside target above the level of 1.2650, in case of a fall below 1.2430 area should continue to bear loss.
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