The currency pair Pound to US Dollar GBP/USD continues to trade near the local maximum area and at the moment there is a potential for continuing growth in the area above the level of 1.29 as part of the development of the 1:1 bull model.
GBP/USD Forecast British Pound on April 21, 2017
In favor of growth, a tight test of the lower boundary of the uplink will perform, as well as a rebound of the values of the relative strength indicator from the support area. Cancellation of the variant of the growth of quotations of the pound dollar will be a fall and breakdown of the area of 1.27, which will indicate a tight test of the level of 1.26. Expect to accelerate the growth of the pair GBP/USD is with the breakdown of the upper boundary of the rising channel.
Among the important news from Britain, which can influence the pound against the dollar, it is worth highlighting, the change in the volume of retail trade taking into account the cost of fuel, the change in the volume of retail without taking into account the cost of fuel.
GBP/USD Forecast British Pound on April 21, 2017 suggests an attempt to continue the growth of the pair’s quotations to the area above the level of 1.29 as part of the upgrading of the upward Forex 1:1 model, with the breakdown of the area of 1.27 that will indicate the continuation of the pound dollar decline.
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