Currency pair pound dollar GBP USD is still trading within the descending channel and currently has the potential to test the upper boundary of the channel. We should expect the attempt to increase quotations pair GBP/USD in the area above the level of 1.2280, where again you can try to sell the pound against the US dollar with a close stop above the upper boundary of the model.
GBP USD rate forecast British Pound on October 14, 2016
An additional signal in favor of the continuation of decrease will test the descending trend line on the indicator of relative strength, it also points to the potential reduction for the purpose of following areas 1.19.
GBP USD rate forecast British Pound on October 14, 2016 suggests an attempt to reduce the continuation after a minor correction to the upper limit of the downward channel.
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