The currency pair British Pound to US Dollar GBP/USD continues to test the upper border area of the rising channel. It is worth to expect an attempt to rebound and fall into the support area at the level of 1.2770. In favor of the drop, a test of the broken trend line will appear on the indicator of relative strength.
GBP/USD Forecast British Pound to Dollar on May 3, 2017
The cancellation of the variant of falling quotations of the pound-dollar pair will result in strong growth and breakdown of the local maximum area, which will indicate the continued growth of the pound-dollar pair.
Among the important news from Britain, which can have an impact on the pound against the dollar, it is worth highlighting the PMI Index for the construction sector.
GBP/USD Forecast British Pound to Dollar on May 3, 2017 suggests an attempt to drop the quotations in the area below the level of 1.2770 within the rebound from the broken trend line on the indicator of relative strength.
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