The currency pair British Pound to US Dollar GBP/USD left the Triangle and is now trading below the model boundary near level 1.2418. It is worth waiting for an attempt to test the breached model boundary and continue the decline in the area below the level of 1.23. In favor of falling quotes of the pound-dollar pair, a breakdown of the support line on the indicator of relative strength will come out.
GBP/USD Forecast Pound Dollar on April 10, 2017
The cancellation of the GBP/USD decline option will result in a strong growth and breakdown of the region of 1.2550, which indicates that the growth will continue to the local maximum.
Important events from Britain, which may have an impact on the pound dollar rate is not expected, so the pair will continue to move in the technical analysis of GBP/USD.
GBP/USD Forecast Pound Dollar on April 10, 2017 suggests an attempt to continue the decline to the area below the level of 1.23 as part of the Forex Triangle trial, cancel the breakdown of the area of 1.2550.
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