Currency pair pound dollar GBP/USD continues to test the area near the level of 1.25. At the moment, the potential for a drop in quotations of the pound dollar remains below the level of 1.23. In favor of the fall is the formation of a reversal model. The double top, to expect the acceleration of the fall is with the breakdown of the upward trend line, as well as the support area near 1.2360. Cancellation of the variant of the fall of quotations of the pound dollar will be the breakdown of the area of 1.2620, which will indicate the cancellation of the reversal model Double top.
GBP/USD Forecast British Pound Dollar on April 4, 2017
Among the important news from Britain that can influence the pound against the dollar, it is worth highlighting the PMI Index for the construction sector, it is expected that the figure will remain unchanged at 52.5. GBP/USD Forecast British Pound Dollar on April 4, 2017 suggests an attempt to continue the decline in the area below the level of 1.2360, the breakdown of which will indicate a drop to the area of 1.22.
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