The currency pair pound dollar GBP USD finished the trading week at 1.2391. The pair continues to move within the downward trend and the potential remains to continue falling into the support area at 1.2020. The breakdown of this area will indicate the acceleration of the fall in quotations of the pound dollar with a view to reducing 1.15.
GBP/USD Forecast on March 20, 2017 — March 24, 2017
In favor of the rebound option and the continuation of the fall, a downward trend line test will perform on the relative strength indicator. The cancellation of the option may be a breakdown of the area of 1.28, which indicates that the GBP/USD pair continues to grow above 1.34.
Among the important news from Britain that may have an impact on the GBP/USD currency rate on the following trading week, the Consumer Price Index on March 21, 2017, The change in the volume of retail trade taking into account fuel costs on March 23, 2017.
GBP/USD Forecast on March 20, 2017 — March 24, 2017 involves an attempt to continue the fall with a view to lowering at the level of 1.2020, in favor of the drop will perform a test of the resistance line on the indicator of relative strength.
