Currency pair pound dollar GBP USD continues to move in the development of ascending correction. At the moment, the pair quotes Pound Dollar broke through the upper boundary of the channel model, and Triangle, that may indicate a continuation of the growth of quotations in the area above the level of 1.23. However, there is a broader test of the descending channel, which may indicate a continuation of the decline.
GBP USD Forex Forecast pounds on 19 October 2016
Therefore, at the moment conserved potential for a fall in the rebound from the upper border of the channel. Cancellation option will be the continuation of the growth of quotations GBP / USD above 1.24 level.
GBP USD Forex Forecast pounds on 19 October 2016 suggests an attempt to reduce the tight test resistance area to decrease below the level of 1.19.
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