The currency pair pound dollar GBP/USD continues to trade within the upward channel and at the moment it is necessary to expect a tight test of the lower limit and the continuation of growth in the area above the level of 1.29. In favor of the growth of quotations, the pound dollar is the test of an upward support line on the indicator of relative strength.
GBP/USD Forecast British Pound on April 24, 2017
The cancellation of the growth option will be the GBP/USD quotations will fall and breakdown of the area of 1.2730, which will indicate the continued decline in the pound’s quotations to the area below the level of 1.2580. Expect to accelerate the growth of the pair is with the breakdown of the local maximum level.
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 24, 2017 assumes an attempt to test the bottom of the upward channel and continue growing as part of a 1:1 bovine model with a potential growth target above 1.29, a breakdown of the region of 1.2730, which will indicate a continued decline In the support area.
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