The currency pair Pound to US Dollar GBP/USD continues to be traded within the downward channel and at the moment there is still potential for falling of quotations in the area below the level of 1.24. In favor of the decline is the formation of a reversal Forex model The failed swing on the indicator of relative strength, which indicates the breakdown of the 1.25 area by closing prices. The cancellation of the variant of falling quotations of the pound-dollar pair will be the breakdown of the area of 1.26 and the increase in the values of the relative strength indicator above the level of 70.
GBP/USD Forecast British Pound on April 18, 2017
Important events from Britain, which may have an impact on the pound dollar rate is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD Forecast British Pound on April 18, 2017 suggests an attempt to fall below 1.24 as part of the development of the reversal pattern. The failed swing on the relative strength indicator, the breakdown will be the breakdown of the upper border of the downward channel, which will indicate the continued growth of the pound dollar quotes.
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