The currency pair Pound Dollar GBP USD continues to move within the development of a downward trend. At the moment, the potential for continuing the decline in the quotations of the pound-dollar pair to the area below the level of 1.23 is still available. In favor of the decline is the breakdown of the rising trend line on the indicator of relative strength, which also indicates the continuation of the decline in the area below the local minimum level.
GBP/USD Forecast British Pound on March 31, 2017
The cancellation of the option may be a strong growth of the GBP/USD pair above the local maximum area with a close above the 1.2620 area. Among the important news from Britain, which may have an impact on the pound against the dollar, it is worth highlighting, the balance of the current account of the balance of payments, is expected to decline from -25.5B to -16.3B.
GBP/USD Forecast British Pound on March 31, 2017 suggests an attempt to continue falling to the area below the level of 1.23 as part of working off a broken trend line on the indicator of relative strength.
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