Currency pair pound dollar GBP USD continues to move in the rebound from the resistance area with the potential to reduce the level below the 1.2190 area, where once again we can expect the beginning of growth of quotations.
GBP USD rate forecast Pound Dollar on January 19, 2017
In favor of the continuation of the fall of the pound against the US dollar acts as a rebound from the downtrend line on the indicator of relative strength. With the breakdown of the 1.2190 area is expected to try to continue to fall below the level of 1.2120.
Among the important news that could affect the pound stands out, volume of building permits issued in the US Philadelphia Fed manufacturing index, the number of initial applications for unemployment benefits.
GBP USD rate forecast Pound Dollar on January 19, 2017 suggests an attempt to fall in the region at the level of 1.2190 in the framework of the formation of inverted forex model head and shoulders, reducing the cancellation option quotations pound mill breakdown 1.2450 area.
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