The currency pair Pound Dollar GBP/USD continues to move within the framework of the upward correction, but at the moment the potential for falling of the pair’s quotations in the area below the level of 1.2370 remains.
GBP/USD Forecast Pound Dollar on April 13, 2017
In favor of falling quotations of the pair GBP/USD will break down the uptrend line on the indicator of relative strength. The cancellation of the fall of the pair’s quotes will result in a strong growth and breakdown of the area of 1.2560, which will indicate the breakdown of the upper border of the channel and the continued growth of the pound-dollar pair.
Among the important news from Britain, which may have an impact on the pound against the dollar, it is worth highlighting the Credit Conditions Report.
GBP/USD Forecast Pound Dollar on April 13, 2017 involves an attempt to fall into the area below the level of 1.2370 as part of working off a broken trend line on the indicator of relative strength.
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