Currency pair pound dollar GBP/USD closed the week at 1.2459. The pair continues to trade below the resistance area, which indicates the potential continuation of the reduction in the area below the level of 1.21. In favor of the drop in prices pair Pound Dollar will perform sample uptrend line on the indicator of relative strength, which points to a potential test area below the level of 1.19.
GBP/USD Forecast on 27 February, 2017 — 3 March, 2017
Cancellation option quotations falling GBP/USD will be strong growth and the breakdown field 1.28, which points to continued growth in the region above the level of 1.32.
Among the important news from the UK, which could affect the course of the currency pair GBP USD on the next trading week, we should mention, the PMI index for the manufacturing 1 March 2017, the PMI index for the construction sector in March 2, 2017, the PMI index for the services sector March 3, 2017.
GBP/USD Forecast on 27 February, 2017 — 3 March, 2017 suggests an attempt to drop to below 1.21 as a continuation of the downward trend for the pair gbp usd.
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