The currency pair Pound to Dollar GBP/USD continues to decline and is currently trading near the area of 1.2390. It is worth waiting for the attempt to continue falling quotations of the pair pound dollar in the area below the level of 1.23.
GBP/USD Forecast British Pound on April 11, 2017
In favor of the fall, the downward trend line test comes on the indicator of relative strength. Cancel the margin of the fall of the GBP/USD pair’s quotations will be strong growth and breakdown of the area of 1.2450. Expect to accelerate the fall of the pound with a breakdown of the local minimum area.
Among the important news from Britain that can influence the pound against the dollar, it is worth highlighting, the Consumer Price Index, the Basic Consumer Price Index, the Retail Price Index, and the Producer Procurement Price Index.
GBP/USD Forecast British Pound on April 11, 2017 assumes an attempt to continue falling to the area below the level of 1.23 as part of the Forex Triangle model, the breakdown of the 1.2450 region will be canceled, indicating a tight test of the model’s broken border.
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