The currency pair British Pound to US Dollar GBP/USD continues to test the local maximum area and at the moment there is a potential for the rebound and fall of the pound quotations to the area below the level of 1.2770. In favor of reducing the pair is a rebound from the descending line of the trend on the indicator of relative strength.
GBP/USD Forecast British Pound to US Dollar on May 10, 2017
The cancellation of the GBP/USD decline will result in a strong growth and breakdown of the local maximum area, indicating that the pair will continue to rise above 1.31. Expect to accelerate the fall of the pound against the US dollar is with the breakdown of the area of 1.2850.
Important news from England is not expected, so the pair British Pound US Dollar will continue to move in the technical analysis of GBP/USD.
GBP/USD Forecast British Pound to US Dollar on May 10, 2017 suggests an attempt to fall into the area below the level of 1.2770 within the rebound of relative strength indicator values from the downward trend line, the breakdown of the region 1.31 will be a cancellation.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
