The currency pair British Pound to US Dollar GBP/USD continues to be traded outside the Wedge model, we should expect an attempt to continue the decline to the area below the level of 1.28. With the breakdown of this area, we expect the decline to continue below the level of 1.27.
GBP/USD Forecast Forex British Pound on May 15, 2017
In favor of falling quotations, the Pound Dollar will perform a downward resistance test on the relative strength indicator. The cancellation of the GBP/USD decline will result in a strong growth and breakdown of the area of 1.2950, which will indicate the continued growth of the pair’s quotes.
Important news from England is not expected, so the pair Pound to US Dollar will continue to move in the technical analysis of GBP/USD.
GBP/USD Forecast Forex British Pound on May 15, 2017 suggests an attempt to fall below the 1.27 level, cancellation may be strong growth and breakdown of the local maximum area, expect an acceleration in the fall of quotes. The pound dollar stands with the breakdown of the support area of 1.28.
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